The S&P 500 rebounded from earlier losses to finish 0.6% higher on Monday, Oct. 9, 2023 after Fed officials suggested the recent surge in Treasury yields could diminish the likelihood of further interest rate hikes to curb inflation.
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Payment-in-Kind (PIK) is the use of a good or service as payment instead of cash. It also refers to certain financial instruments.
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Citigroup said it would sell its consumer wealth portfolio in China to HSBC Bank China as the financial firm continues to shed overseas assets in an effort to shrink the size of its operations.
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Sales of Tesla's China-made EVs dropped 12% in September from August and were down 10.9% from a year ago.
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Despite their popularity, exchange-traded funds, or ETFs, have some drawbacks that investors should know about.
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Multilevel marketing (MLM) is a monetary strategy used by direct sales companies to encourage existing distributors to recruit new distributors.
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Discover all the reasons ETFs typically have lower fees than mutual funds, including their passive management and the absence of load and 12b-1 fees.
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U.S. equities were lower while oil prices climbed at midday on Monday, Oct. 9, 2023, amid concerns about conflict in the Middle East after fighting between Hamas and Israel broke out over the weekend.
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OPEC raised its estimate for medium- and long-term demand for oil, and suggested trillions of dollars in spending would be needed to keep up with that higher demand.
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Bristol-Myers Squibb agreed to pay up to $5.8 billion for Mirati Therapeutics to boost its portfolio of cancer-fighting treatments.
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The United Auto Workers union started a strike against Mack Trucks after rejecting a tentative deal with the company owned by Volvo Group.
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Learn about how ETFs can be safe investment options, if you know which funds to choose, including the basics of both indexed and leveraged ETFs.
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An ETF is a good way to get broad exposure without taking on specific risk, but calculating performance may be a bit tricky.
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The United Auto Workers (UAW) union started a strike against Mack Trucks after rejecting a five-year contract with the Volvo Group-owned company, while stock futures were trading lower in the pre-market and oil prices climbed amid concerns about conflict in the Middle East. Here’s what investors need to know today.
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Learn Which Countries Benefit the Most From the Global Obsession With Sweets.
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The deep level of liquidity and long-term trending qualities of the eurodollar futures market present opportunities for small and large traders alike.
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Gambling is never a reliable source of supplementary income. Read on to find out why.
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Learn about the primary characteristics of value ETFs and growth ETFs, and discover how to choose between the two when building a portfolio.
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Is it ever worth playing the lottery? Discover the probability of winning and the best way to collect the funds if you happen to win.
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Lawrence Klein was an American economist and winner of the 1980 Nobel Memorial Prize in Economics.
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As the New Year approaches, it’s time to turn your thoughts to your financial goals and the investing resolutions that you need to make to achieve them.
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A sportsbook is a company or entity that accepts bets.
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Jordan Belfort, the "Wolf of Wall Street," is a former stockbroker who spent 22 months in jail for securities fraud. Learn more about Belfort's career and crimes.
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Learn the important distinction between pre-money and post-money valuation and how it affects ownership percentages.
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There are several student loan repayment options you can choose from to pay off your debt. Learn what they are and how to pick the right one for you.
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Hamas' attack will play into the hands of the world's largest oil exporter, according to legendary hedge fund manager Pierre Andurand.
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Legendary investor Warren Buffett has achieved astounding returns throughout his career. From 1964 to 2022, his company Berkshire Hathaway Inc. (NYSE:BRK) delivered an overall gain of 3,787,464%, dwarfing the S&P 500's 24,708% return during the same period. Other than picking stocks that skyrocketed in value, Buffett also collects dividends — a lot of dividends. Buffett famously said, "If you don't find a way to make money while you sleep, you will work until you die." Don't Miss: Investing in r
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Top U.S. oil producer Exxon Mobil's planned acquisition of the No. 1 Permian shale producer Pioneer Natural Resources could further restrain output growth in the largest U.S. oilfield, squeezing pipeline companies and suppliers, executives and energy advisors said. Exxon, the fifth largest producer in the Permian, has set an up to 1 million-bpd target for its operations there for 2025 and more recently pushed it back to 2027. Buying Pioneer would boost its output to about 1.33 million barrels of oil and gas equivalent per day, well above its goal.
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While Warren Buffett is often cited for his memorable quotes on investing, his long-time business partner and billionaire Charlie Munger has his own share of wisdom to offer. Munger once stated, "The big money is not in the buying and the selling but in the waiting." This sentiment, though perhaps not as widely cited as some of Buffett's lines, holds tremendous weight in the investment world for several reasons. Don't Miss: Until 2016 it was illegal for retail investors to invest in high-growth
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In the vast ecosystem of investment and finance, few voices resonate with the clarity and depth of Charlie Munger, Warren Buffett's respected partner at Berkshire Hathaway Inc. One topic he has been vocal about is the pervasive influence of denial in decision-making processes, especially in investment management. "If I had to name one factor that dominates human bad decisions, it would be what I call denial," Munger said. "If the truth is unpleasant enough, people kind of — their mind plays tric
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(Bloomberg) -- The surprise attack on Israel by Hamas weighed on shares of global companies with local connections, including chipmakers and software providers, as investors fretted that the conflict could escalate.Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionIsrael Latest: Army Reserves Called Up, Chevron Shuts Gas FieldOil Surges as Israel Conflict Reignites Middle East VolatilityAs Israel-Hamas War Rages, Oil Traders Focus on IranIsraelis Taken Hostage We
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When interest rates were low, it was difficult for bond investors to earn a decent yield. Just ask DoubleLine Capital Founder Jeffrey Gundlach. Speaking at a recent investment conference in New York, Gundlach recalled what the bond market was like in 2016. He said if you wanted to earn a 5% annual yield on a bond portfolio in those days, you had to buy a junk bond index, use leverage to boost returns and pray that issuers wouldn't default. Things have changed dramatically since then. Don't Miss:
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Wedbush analyst Dan Ives cut his Rivian stock price target to $25 from $32. He maintained his Buy rating on shares.
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Though retirees are only required to take a certain portion of their retirement savings out as distributions each year, a study from JPMorgan Chase shows that there is likely good reason to take out more. A withdrawal approach based solely on … Continue reading → The post 84% of Retirees Are Making This RMD Mistake appeared first on SmartAsset Blog.
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A recent study from the career experts Zety says that 40% of respondents fear retirement more than death. And almost nine in 10 responded that their biggest retirement fear is not having enough income. For married couples, planning retirement for two people can … Continue reading → The post Average Retirement Savings for Married Couples By Age appeared first on SmartAsset Blog.
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Analysts at Citi see Nvidia continuing to maintain a 90% or so market share in the artificial intelligence GPU chip market over the next two to three years.
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There’s no one investing style guaranteed to generate big returns but for those looking to make headway in the markets, it’s worth checking out the systems used by the best in the business – the ones whose investing endeavors have pocketed billions in the process. For example, Steve Cohen, the founder of point72 Asset Management, has favored a high-risk, high-reward style, an aggressive mode of investment that has obviously worked wonders, given he has a net worth of $19.8 billion. On the other
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The United Auto Workers union started a strike against Mack Trucks after rejecting a tentative deal with the company owned by Volvo Group.
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Tesla delivered some 74,000 units from its plant in Shanghai, down from about 83,000 a year ago. Investors are willing to wait to see fourth-quarter numbers.
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(Bloomberg) -- For years, Brian Moynihan told investors his bank would be a big winner when interest rates eventually, finally, one day went up. Bank of America Corp. had built a massive deposit base that would allow profits to soar when the Federal Reserve changed course.Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionIsrael Latest: Army Reserves Called Up, Chevron Shuts Gas FieldOil Surges as Israel Conflict Reignites Middle East VolatilitySchumer Confronts X
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Analysts at Citi see Nvidia continuing to maintain a 90% or so market share in the artificial intelligence GPU chip market over the next two to three years.
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The yield curve is experiencing a bear steepening, signaling pain for the economy and stock market ahead.
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Hamas militants launched an assault on Israel on Saturday. Israel declared war on Hamas and launched retaliatory strikes.
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Evergrande’s 11th-hour cancellation of a $19 billion debt restructuring could lead to a messy collapse and have “a catastrophic effect” on other troubled companies in the sector, its bond investors said.
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Many job applicants feel pressure to lie on their résumé to get their foot in the door.
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Can you retire at 65 with $750,000 in a Roth IRA and $1,800 in monthly Social Security? Based on median incomes and the 10x rule, most people will need about $740,000 to finance a secure retirement. So in theory, a $750,000 Roth IRA and $1,800 in Social Security benefits will be enough for many individuals […] The post I Have $750K in a Roth IRA and Will Receive $1,800 Monthly From Social Security. Can I Retire at 65? appeared first on SmartReads by SmartAsset.
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Linnartz hopes to turn around a company hurt by slumping growth and controversies surrounding its founder.
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Walt Disney stock has suffered this year. Enter activist investor Nelson Peltz, whose Trian Fund Management has increased its stake in the company to more than $2.5 billion.
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The acquisition will help boost revenue by offsetting upcoming competition from generics for Bristol Myers Squibb’s best-selling products.
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(Bloomberg) -- When India decided to make a concerted push to green the world’s biggest two-wheeler market, a slew of electric scooter startups emerged almost overnight. Now, many are falling out of favor for sourcing parts from China instead of locally.Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionIsrael Latest: Conflict Enters Third Day With Over 1,100 DeadAs Israel-Hamas War Rages, Oil Traders Focus on IranIsraelis Taken Hostage Were Ripped From Everyday A
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Exxon and Chevron shares rise after a surge in oil prices following the weekend attack on Israel from Hamas, Mirati Therapeutics stock falls after Bristol Myers agrees to buy the oncology developer in a deal valued at up to $5.8 billion, and a report says activist investor Nelson Peltz is seeking multiple board seats at Disney.
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Crude oil prices surged while stocks were mixed on Monday after the Israeli government declared war following deadly attacks by Hamas from the Gaza Strip. Conflict in the Middle East often raises the specter of higher oil prices given the risk of disruptions to supplies. “Disruptions or escalations in the region can have far-reaching implications for energy markets, global supply chains, and geopolitical dynamics,” Stephen Innes of SPI Asset Management said in a commentary.
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Schaeffler has offered €91 a share in cash for Vitesco Technologies, the first of three steps toward a combination of the two companies.
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The yield curve is experiencing a bear steepening, signaling pain for the economy and stock market ahead.
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(Bloomberg) -- A worsening economic backdrop leaves a dark cloud hanging over European companies preparing to report this earnings season.Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionAs Israel-Hamas War Rages, Oil Traders Focus on IranIsrael Latest: Over 1,100 Dead as Oil Jumps on Fear of Wider WarOil Surges as Hamas’ Attack on Israel Fans Middle East TensionsHamas Attack Thrusts Palestinians Back Into Center of MideastUpdates this week from luxury purveyor
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Share prices were mixed on Monday after the Israeli government declared war following deadly attacks by Hamas from the Gaza Strip. U.S. futures were lower and oil prices gained more than $3 a barrel. Conflict in the Middle East often raises the specter of higher oil prices given the risk of disruptions to supplies.
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The tech industry will be key in pushing the S&P 500 the next 5,000 points higher—and to make stocks worth owning over safer assets, DataTrek Research says.
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(Bloomberg) -- Gold rose on increased haven demand after tensions in the Middle East ramped up in the wake of the Hamas attack on Israel. Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionAs Israel-Hamas War Rages, Oil Traders Focus on IranHamas Attack Prompts Blame Around Israeli IntelligenceHamas Attack Thrusts Palestinians Back Into Center of MideastIsraelis Taken Hostage Were Ripped From Everyday ActivitiesThe precious metal gained as much as 1.2% in early As
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Columbus Day, which falls on Oct. 9 this year and is observed annually on the second Monday of October, comes after a rocky week for the stock market.
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The South Asian nation’s market has been a quiet outperformer for a decade. Now foreign investors are starting to pay attention.
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High short-term interest rates are exacerbating a natural desire to hunker down but there are better options
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Gold prices climbed more than 1% on Monday as dramatic clashes between Israeli and Hamas forces over the weekend raised the risk of a wider Middle East conflict and spurred a rush to safe haven investments like bullion. Israel pounded the Palestinian enclave of Gaza on Sunday, killing hundreds of people in retaliation for one of the bloodiest attacks in its history when Islamist group Hamas rampaged through Israeli towns on Saturday. Spot gold jumped 1% to $1,849.51 per ounce by 0317 GMT, having hit its highest level in a week.
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The U.S Department of Justice wants the judge overseeing its case against Sam Bankman-Fried to block the defense team from introducing any evidence that his stake in artificial intelligence company Anthropic will benefit FTX creditors after the company's recent fundraise.
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(Bloomberg) -- Chinese stocks fell as traders returned from the Golden Week holidays, with tourism data trailing some expectations and global uncertainties denting sentiment.Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionAs Israel-Hamas War Rages, Oil Traders Focus on IranHamas Attack Thrusts Palestinians Back Into Center of MideastIsraelis Taken Hostage Were Ripped From Everyday ActivitiesHamas Attack Prompts Blame Around Israeli IntelligenceThe CSI 300 Index
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(Bloomberg) -- US stocks reeling from the impact of high bond yields are facing a new threat from an expected slew of profit warnings, triggered by fading US consumer spending trends.Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionAs Israel-Hamas War Rages, Oil Traders Focus on IranHamas Attack Prompts Blame Around Israeli IntelligenceIsraelis Taken Hostage Were Ripped From Everyday ActivitiesIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasConcer
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De Europese Commissie schort de financiële hulp aan de Palestijnen toch niet op. Eerder op de dag liet de commissie weten dit juist wél te doen. Dit leverde veel vragen op. Zo had de commissie geen instemming van de EU-lidstaten.
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De gasprijs is in Europa verder gestegen, doordat het Amerikaanse energieconcern Chevron de opdracht kreeg om de productie bij een gasveld in Israël te staken. De Israëlische regering gaf deze order vanwege de onrust in de regio.
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De Europese Commissie laat maandag weten dat de ontwikkelingshulp aan de Palestijnen onder de loep wordt genomen. Alle betalingen zijn onmiddellijk stopgezet.
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Bol.com verandert van naam. De webshop gaat vanaf nu verder als bol, omdat het naar eigen zeggen niet langer duidelijk hoeft te maken dat het een online winkel is.
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Het Israëlische ministerie van Energie heeft opdracht gegeven om de productie in het Tamar-gasveld te staken vanwege onrust in de regio. Het gaat om een gasveld op zo'n 25 kilometer van de Middellandse Zeekust, binnen raketbereik van de Gazastrook.
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De Amerikaanse Harvard-econoom en historicus Claudia Goldin heeft de Nobelprijs voor de Economie gewonnen. Goldin verklaarde de loonkloof tussen vrouwen en mannen aan de hand van twee eeuwen geschiedenis. Ze is de derde vrouw ooit die deze Nobelprijs wint.
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Het Nederlandse landschap telt steeds meer grote distributiecentra die bovendien almaar groter worden, blijkt uit onderzoek van Planbureau voor de Leefomgeving. Dat is "het logische gevolg van beleid", terwijl de effecten op de omgeving niet altijd even prettig zijn.
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Het Nederlandse landschap telt steeds meer grote distributiecentra die bovendien almaar groter worden, blijkt uit onderzoek van Planbureau voor de Leefomgeving. Dat is "het logische gevolg van beleid", terwijl de effecten op de omgeving niet altijd even prettig zijn.
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De Israëlische centrale bank gaat voor 30 miljard dollar (28,5 miljard euro) aan buitenlandse valuta verkopen. Daarmee wil ze de waarde van de eigen munt, de sjekel, op peil houden.
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Nolet uit Schiedam heeft een overnamebod van bijna 270 miljoen euro gedaan op drankenconcern Lucas Bols. Volgens de bedrijven moet daardoor een "Nederlandse kampioen" ontstaan op de internationale drank- en cocktailmarkt.
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Kinderen krijgen hun zakgeld op steeds jongere leeftijd digitaal. Minder dan de helft van alle acht- en negenjarigen krijgt zakgeld nog contant. Digitaal bankieren is vaak gemakkelijker, maar brengt ook risico's met zich mee, waarschuwt budgetvoorlichter Nibud.
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Jeneverstokerij Nolet uit Schiedam heeft een overnamebod van bijna 270 miljoen euro gedaan op drankenconcern Lucas Bols. Volgens de bedrijven moet daardoor een "Nederlandse kampioen" ontstaan op de internationale drank- en cocktailmarkt.
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Oud-verkeersminister Tjerk Westerterp is zondag op 92-jarige leeftijd overleden in zijn woonplaats Ulvenhout. De voormalige CDA'er was ook de bedenker van de AEX-index.
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Kinderen krijgen hun zakgeld op steeds jongere leeftijd digitaal. Minder dan de helft van alle acht- en negenjarigen krijgt zakgeld nog contant. Digitaal bankieren is vaak gemakkelijker, maar brengt ook risico's met zich mee, waarschuwt budgetvoorlichter Nibud.
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Minder dan de helft (48 procent) van de vakantiegangers zegt bij het boeken van een reis rekening te houden met het milieu. Dat was vorig jaar nog 52 procent. Ook zijn minder mensen bereid extra te betalen voor duurzame vakanties.
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Het is een van de grootste uitdagingen in onze economie: het vinden van geschikt personeel. Toch heeft geen enkele partij een oplossing voor de krapte op de arbeidsmarkt in zijn verkiezingsprogramma staan.
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The surprise attack on Israel by Hamas could bring a spike in oil and gas prices, especially if the conflict escalates, analysts say.
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“The Federal Reserve will hold its penultimate FOMC meeting on October 31-November 1, and the odds that they’ll institute another interest rate hike have just jumped. The September jobs report came in, showing employment levels far above the forecast – 336,000 new jobs in the month, compared to the 170,000 expected – and that means increased inflationary pressures. Analysts now put the odds of a quarter-percent rate hike at 29%. The messages here are mixed. The jobs numbers look good – but incre
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The price of oil jumped more than 3% in Sunday evening trading after conflict erupted in the Middle East this weekend.
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(Bloomberg) -- Asian stocks look set to gain following a rebound on Wall Street Friday, while the dollar climbed as currency traders reacted to a shock attack by Hamas within Israel that left hundreds dead.Most Read from BloombergIsrael Latest: Israel Death Toll Rises to 700; US Sends CarrierAs Israel-Hamas War Rages, Oil Traders Focus on IranHamas Attack Prompts Blame Around Israeli IntelligenceIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasIsraelis Taken Hostage Were Ripped Fro
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The deal expands the pharmaceutical company’s portfolio of cancer drugs.
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(Bloomberg) -- One of the oil market’s most controversial data points of recent years — a measure of how much gasoline Americans consume — is pointing to a crash in demand that’s alarming traders the world over.Most Read from BloombergIsrael Latest: Israel Death Toll Rises to 700; US Sends CarrierAs Israel-Hamas War Rages, Oil Traders Focus on IranHamas Attack Prompts Blame Around Israeli IntelligenceIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasIsraelis Taken Hostage Were Rippe
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Bristol-Myers Squibb is set to acquire cancer drugmaker Mirati Therapeutics for $58 per share in cash, representing $4.8 billion equity value. Bristol-Myers Squibb will finance the transaction with a combination of cash and debt. The transaction is expected to be dilutive to Bristol-Myers Squibb's non-GAAP earnings per share by approximately 35 cents per share in the first 12 months after the transaction closes.
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“Iran remains a very big wild card,” said Helima Croft, chief commodities strategist at RBC Capital Markets.
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(Bloomberg) -- The dollar climbed against its major peers in early trading on Monday as currency traders got their first chance to react to a shock attack by Hamas within Israel.Most Read from BloombergIsrael Latest: Israel Death Toll Rises to 700; US Sends CarrierAs Israel-Hamas War Rages, Oil Traders Focus on IranHamas Attack Prompts Blame Around Israeli IntelligenceIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasIsraelis Taken Hostage Were Ripped From Everyday ActivitiesThe gre
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The week brings earnings reports from big banks, as well as from UnitedHealth, Delta, Domino's, and more. Economic releases include the Fed minutes, the consumer price index, and the producer price index.
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Investors are braced for a jump in oil prices after Israel declared war on Hamas, sparking fears of a “spiralling” crisis across the Middle East.
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Europe’s money-printing spree risks triggering bailouts across the Continent as governments pay the price of a decade of cheap money.
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A House panel has passed a bill that would temporarily expand the standard tax deduction used by the majority of taxpayers by $2,000 per person for the next two years. The Tax Cuts for Working Families Act (H.R.3936) recently approved by … Continue reading → The post Temporary Tax Plan Could Boost Your Standard Deduction By Up to $4,000 appeared first on SmartAsset Blog.
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Entering the field of financial advising can be lucrative, but earnings vary widely depending on factors like education, certification, firm, location and clientele. Experience is one of the most important drivers of financial advisor compensation, with veteran advisors typically able to bring home several times the earnings of newcomers to the field. Understanding the salary […] The post Starting Salaries for New Financial Advisors in the U.S. appeared first on SmartReads by SmartAsset.
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Money passed down to the next generation comes with feelings of gratefulness, loss and responsibility. In addition, receiving an inheritance worth hundreds of thousands of dollars can be jarring. It offers an extraordinary opportunity to secure your financial future, but doing so requires knowledge and discipline. From assessing your current financial standing to deploying savvy […] The post How to Build Wealth With an Inheritance appeared first on SmartReads by SmartAsset.
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A family limited partnership (FLP) is a complex structure that serves a strategic purpose for individuals desiring to manage and protect family assets, limit liability and potentially secure tax benefits. This article targets families interested in estate planning, providing a comprehensive understanding of how FLPs function, their advantages and disadvantages, as well as tips on […] The post What Is a Family Limited Partnership? appeared first on SmartReads by SmartAsset.
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Only top earners may be financially on track for retirement, according to Vanguard, which found investing played a key role in their ability to grow wealth.
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Most of 2023 has been defined by the big tech stocks driving bullish sentiment and overcoming 2022’s bear market. That said, since about halfway through the summer, the bull market has been on pause with the prospect of interest rates remaining high for longer than expected, among other macro factors, putting a dampener on proceedings. Still, going by the past week’s performance, there are signs the bulls’ charge is about to resume in earnest. In fact, with Q3 earnings season about to commence,
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Younger investors have brushed off the market losses of 2022. Many older investors have not
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With interest rates at multiyear highs, hedge funds and private-equity firms are pushing banks aside and financing one jumbo loan for American corporations after another.
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(Bloomberg) -- It was supposed to be one of the greatest stock-market comebacks of all time. But after a summer slump, there’s a nagging fear it might just keep slipping away. Most Read from BloombergIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasHamas Attack Prompts Blame Around Israeli IntelligenceIsrael Latest: Evacuations Ordered for Communities Near GazaBiden Says Israel Under Terrorist Attack, Pledges US SupportShock Incursion on Weakened Israel Imperils Regional Geopolitic
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(Bloomberg) -- The new higher-for-longer stage of global monetary policy may last only until the early months of 2024 as central banks begin moving toward cutting borrowing costs. Most Read from BloombergIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasHamas Attack Prompts Blame Around Israeli IntelligenceIsrael Latest: Evacuations Ordered for Communities Near GazaBiden Says Israel Under Terrorist Attack, Pledges US SupportShock Incursion on Weakened Israel Imperils Regional Geopol
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Shares of the chip maker were big holdings of the large-cap growth funds that led gainers over the past 12 months.
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US Senate is eyeing a bill that would allow banks to do business with cannabis companies – now, if only they would vote on it
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Tyson Foods and other meat processors are closing plants amid high costs and falling demand, spelling economic turbulence for the communities where the plants are major employers.
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Edgar Wachenheim III’s Greenhaven Associates sold Bank of America stock to allocate more money into Citigroup, whose “quality is much better than its reputation.”
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A share sale plan between China Evergrande New Energy Vehicle Group, the electric-vehicle arm of embattled property developer China Evergrande and U.S.-listed NWTN has been halted, according to a Hong Kong bourse stock filing on Sunday. The suspension of the share subscription deal was due to "significant uncertainties" tied to the Evergrande group, the filing by the Chinese firm said. Previously, Evergrande said investigations had been initiated against the parent company, its founder and senior executives, while the firm's debt restructuring plan has also been derailed.
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When green levies began being added on to household power bills at the start of the millennium, the power industry cheered the policy as a leg-up for clean energy projects such as wind and solar.
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U.S. automaker Tesla sold 74,073 China-made electric vehicles (EVs) in September, a 10.9% decrease from a year earlier, showed data from the China Passenger Car Association (CPCA) on Sunday. Sales of China-made Model 3 and Model Y cars were down 12.0% from a month earlier. Chinese rival BYD, with its Dynasty and Ocean series of EVs and petrol-electric hybrid models, saw passenger vehicle deliveries grow 42.8% to 286,903 last month, from 200,973 in September last year.
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Businesses that loaded up on debt when interest rates were lower now face a growing risk of failure.
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Because a majority of companies historically beat expectations, some investors think the third quarter could see the first earnings growth in a year.
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Super Micro Computer Inc. (SMCI) shares are booming, up 253% in 2023. Mega demand for the stock is powering the surge.
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Synopsys Inc. (SNPS) shares are booming, up 48% in 2023. Mega demand for the stock is powering the surge.
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(Bloomberg) -- It’s been less than a year since one euro was worth a dollar, and talk of the common currency falling back to that level is once again creeping into the market’s discourse.Most Read from BloombergIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasHamas Attack Prompts Blame Around Israeli IntelligenceBiden Says Israel Under Terrorist Attack, Pledges US SupportShock Incursion on Weakened Israel Imperils Regional GeopoliticsHamas Just Torched Biden’s Deal to Remake the Mi
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Among the buyers still in the market are those relocating from more expensive places or taking advantage of less competition.
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Even almost four decades later, it remains an event scarred into the memory of the financial markets. After a violent storm had ripped across the country, knocking down trees and shuttering roads, trading systems that still relied on brokers shouting at each other across open floors had closed early for the weekend as the damage was cleared up.
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Investors long shrugged off U.S. deficits, but a torrent of Treasurys is testing the bond market.
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The set-it-and-forget-it approach can lead consumers to paying more in interest charges.
( 26
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(Bloomberg) -- Chinese markets are set to reopen after the Golden Week holidays against an uncertain global market backdrop, which may temper optimism from the spending boom at home.Most Read from BloombergIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasHamas Attack Prompts Blame Around Israeli IntelligenceBiden Says Israel Under Terrorist Attack, Pledges US SupportShock Incursion on Weakened Israel Imperils Regional GeopoliticsHamas Just Torched Biden’s Deal to Remake the Middle
( 33
min )
The Halloween Massacre refers to Canada’s 2006 decision to tax all income trusts domiciled in Canada.
( 23
min )
Cyber Monday is the Monday following American Thanksgiving, representing the day online retailers offer deep discounts.
( 25
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Kansas City Chiefs tight end, Travis Kelce, has been even more popular lately thanks to his rumored relationship with pop superstar Taylor Swift. The NFL star has a net worth of $30 million and makes millions off the field with savvy business ventures and partnerships.
( 19
min )
Only top earners may be financially on track for retirement, according to Vanguard, which found investing played a key role in their ability to grow wealth.
( 17
min )
Refinancing can lower your student loan payments. But does it make sense for your financial situation?
( 25
min )
Trading through a separate business structure allows active traders access to all of the tax mitigation and asset protection strategies available.
( 27
min )
Trading volume is the number of shares of a security traded over a given period of time. Investors use this technical indicator to analyze trends and make decisions.
( 23
min )
Stockholders' equity is the remaining amount of assets available to shareholders after paying liabilities. Learn how to calculate stockholders’ equity.
( 25
min )
A gift of equity is the sale of a home below the current market value. The buyer is usually someone with whom the seller has a familial relationship.
( 28
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Een uitstootvrije staalfabriek is nergens ter wereld mogelijk, zei topman T.V. Narendran van het Indiase Tata Steel zondag in het tv-programma Buitenhof. Hij heeft grote twijfels of Tata bij IJmuiden in 2030 zonder kolen kan werken, zoals D66 wil.
( 10
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Een uitstootvrije staalfabriek is nergens ter wereld mogelijk. Dat zei topman T.V. Narendran van het Indiase Tata Steel zondag in het tv-programma Buitenhof. Hij heeft grote twijfels of Tata bij IJmuiden in 2030 zonder kolen kan werken, zoals D66 wil.
( 9
min )
Roddelen over klasgenoten en elkaar uitdagen om extreme dingen te doen. Op socialemediaplatforms als TikTok en Snapchat gebeurt het regelmatig. Grenzen opzoeken hoort ook gewoon bij volwassen worden, zeggen experts. Of dat nou offline gebeurt of op apps.
( 9
min )
De beurs van Tel Aviv is zondagochtend hard gedaald na de aanval van Hamas op Israël van een dag eerder. De belangrijkste index is 7,5 procent van zijn waarde verloren, de sterkste neergang in zeker drie jaar tijd.
( 8
min )
Banken verdienen steeds meer aan het uitlenen van het geld dat op onze spaarrekeningen staat. Terwijl de rente op ons spaargeld maar mager is. Meer spaarrente ontvangen? Daarvoor moet je over enkele drempels en mogelijk landsgrenzen heen.
( 11
min )
Op veel websites kun je contact opnemen met de website-eigenaar via een contactformulier. Handig, maar volgens experts word je regelmatig verplicht om meer gegevens in te vullen dan echt noodzakelijk is. Bij een datalek vergroot dat de schade.
( 9
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Learn about Elizabeth Warren's 50/20/30 budget rule; a simple and effective plan for personal money management and wealth creation.
( 26
min )
The free cash flow (FCF) formula calculates the amount of cash left after a company pays operating expenses and capital expenditures. Learn how to calculate it.
( 28
min )
CEOs said geopolitics and political uncertainty could pose the greatest threat to business growth in the next three years, according to a KPMG survey.
( 17
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Companies usually have a choice between debt financing or equity financing, with advantages and disadvantages to each.
( 25
min )
Here are the pros and cons of temporarily suspending your student loan payments.
( 27
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While not every borrower will qualify for any student loan forgiveness, there's typically no harm in applying, and it could benefit your overall financial health.
( 29
min )
The Federal Reserve's open market operations—the purchase or sale of government bonds and other securities—can push interest rates and the money supply lower or higher.
( 26
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According to the Ricardo-Barro effect, also known as Ricardian equivalence, increased debt-financed government spending leaves demand unchanged.
( 22
min )
True cost economics is an economic model that seeks to include the cost of negative externalities into the pricing of goods and services.
( 21
min )
Paying student loan interest during school will help you start your adult life with less debt. But it's not always the best decision.
( 28
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Accountability is the acceptance of responsibility towards other parties. Read about corporate, government, and political accountability.
( 28
min )
Market veterans said Treasury yields could soar to 5.5%, and ongoing political drama paired with Fed policy could culminate in a 2024 recession.
( 33
min )
(Bloomberg) -- Underlying US inflation is seen rising at a monthly pace that corroborates the message from central bankers that interest rates will need to stay higher for longer.Most Read from BloombergIsrael Latest: Army Says Situation Not Yet Under ControlHamas Attack Prompts Blame Around Israeli IntelligenceShock Incursion on Weakened Israel Imperils Regional GeopoliticsBiden Says Israel Under Terrorist Attack, Pledges US SupportHamas Just Torched Biden’s Deal to Remake the Middle EastThe co
( 35
min )
(Bloomberg) -- Bond investors are coalescing around a segment of the Treasuries market that offers a measure of protection from this year’s brutal rout and also positions them for the recession that some still anticipate.Most Read from BloombergIsrael Latest: Israeli Deaths Rise to 200 as Warplanes Bomb GazaSurprise Attack on Weakened Israel Imperils Regional GeopoliticsThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XHamas Just Torch
( 34
min )
Weight-loss treatments aren’t the only big deal in medicine. Barron’s 2023 healthcare roundtable explores the best investing opportunities. Where our panelists see bargains now.
( 105
min )
(Bloomberg) -- Friday’s sizzling jobs report is bolstering the probability of another Federal Reserve rate increase this year, adding to pain in credit markets that are already getting hurt by a year-long jump in yields. Most Read from BloombergIsrael Latest: Biden Says US Support Amid Crisis Is ‘Unwavering’Surprise Attack on Weakened Israel Imperils Regional GeopoliticsThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XHamas Just Torch
( 35
min )
The auto battery parts joint venture between Volkswagen's PowerCo and Belgian materials firm Umicore has chosen Poland as the site for its first factory, PowerCo said on Saturday. Through the $2.9 billion joint venture, dubbed Ionway, first flagged in December 2021, the companies are joining a number of European automakers that have brought battery supplies closer to home in the shift towards electric vehicles.
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The free cash flow (FCF) formula calculates the amount of cash left after a company pays operating expenses and capital expenditures. Learn how to calculate it.
( 28
min )
(Bloomberg) -- Exxon Mobil Corp. boss Darren Woods is poised to emulate his two predecessors with a career-defining mega deal that — for better or worse — would likely transform the oil giant.Most Read from BloombergIsrael Latest: Netanyahu, Biden Speak With Nation on War FootingThe 5% Bond Market Means Pain Is Heading Everyone’s WaySurprise Attack on Weakened Israel Imperils Regional GeopoliticsThe Moral Case for No Longer Engaging With Elon Musk’s XBlackstone’s Billion-Dollar Bet on Hollywood,
( 35
min )
Investing in stocks refers to the practice of purchasing shares of a company with the anticipation that these ownership stakes will appreciate in value over time. However, like any investment, it carries inherent risks and uncertainties. In the face of an ever-changing financial landscape influenced by factors like economic policies, technological advancements and global events, […] The post Pros and Cons of Investing in Stocks appeared first on SmartReads by SmartAsset.
( 35
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Investing in real estate is an attractive venture for both seasoned and novice investors due to its stability and the potential for substantial returns. However, the traditional approach of purchasing property isn’t the only way to add real estate exposure to your portfolio. Real estate crowdfunding and real estate investment trusts (REITs) are two popular […] The post Real Estate Crowdfunding vs. Real Estate Investment Trusts (REITs) appeared first on SmartReads by SmartAsset.
( 34
min )
Life insurance policy dividends are returns on premiums that a policyholder receives from the insurance company when it has surplus earnings. As a general rule, life insurance policy dividends are not taxable as these are considered as return of premium. This means that policyholders can receive dividends without worrying about an added tax burden. However, […] The post How Is Life Insurance Policyholder Dividend Income Taxed? appeared first on SmartReads by SmartAsset.
( 33
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Restricted stock units (RSUs) are a form of equity compensation that companies often grant to employees as part of their overall compensation packages. The taxation of RSUs in the United States is subject to specific rules, and the timing and amount of taxes owed can vary based on several factors. Here’s what you need to […] The post How Are Restricted Stock Units (RSUs) Taxed? appeared first on SmartReads by SmartAsset.
( 34
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Real estate investment trusts (REITs) are a popular choice for investors looking to add real estate exposure to their portfolios without the hassle of owning physical properties. These entities pool money from investors to buy and manage real estate, and return a portion of the profits to those shareholders. However, it's important to distinguish private […] The post Investing in Private REITs vs. Public REITs appeared first on SmartReads by SmartAsset.
( 36
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(Bloomberg) -- When Sterling Infrastructure Inc. Chief Executive Officer Joe Cutillo first started telling Wall Street that factories would return to the US, everybody thought he was crazy. Most Read from BloombergIsrael Latest: PM Says Nation Is at War After Deadly IncursionThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XBlackstone’s Billion-Dollar Bet on Hollywood, Reese Witherspoon Falls ShortFake Mansions and Rent-Stabilized Unit
( 33
min )
Contract talks are scheduled to begin again Thursday.
( 17
min )
How to reset your finances after a spend-y summer.
( 35
min )
Britain’s pork pie supply could be hit by a slowdown after a leading UK food manufacturer warned it could scale back production.
( 31
min )
The roughly 75,000 Canadian homeowners awaiting mortgage renewal notices next month are bracing for a shock interest rate jump due to a surprise global bond rally, which will further squeeze already tight household budgets. In Canada, homeowners can take out five-year mortgages, unlike in the U.S. where customers can snag a 30-year mortgage. This means many Canadians who locked into sub 2% fixed-rate mortgages five years back are preparing for renewal letters with a steep rise in interest rates, made worse by the bonds rally.
( 33
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The ILWU recently ratified a labor agreement with West Coast shipping companies. But a lawsuit at the Port of Portland has the union filing for bankruptcy.
( 32
min )
Billions went to personal loans, luxury real estate and donations.
( 26
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A tie-up between Exxon and Pioneer would put pressure on Chevron and other rivals to pursue deals of their own.
( 29
min )
Companies seeking alternatives to China are finding the country’s vast interior still holds big advantages.
( 27
min )
"We see highest risk to alcohol, snacking relative to meals, and non-alcoholic beverages," Bank of America said about the impact of GLP-1 drugs.
( 33
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Some employees plan to walk out for just one day, while others expect to close their pharmacies for all three days, the report added. According to the report, the walkout is in response to what pharmacy employees call burdensome prescription and vaccination expectations levied on pharmacists.
( 32
min )
One retiree told CBS News he fell for an online scam that cost him almost $800,000. And then the IRS said he owed $200,000 because the money was taken from a retirement account.
( 33
min )
Het stroomnet zit op verschillende plekken in Nederland vol. Daardoor kunnen huishoudens met zonnepanelen niet altijd hun overtollig opgewekte stroom terugleveren. Met een thuisaccu kun je die stroom opslaan voor later gebruik, maar veel woningen zijn ongeschikt om veilig van een thuisbatterij te voorzien.
( 10
min )
Het stroomnet zit op verschillende plekken in Nederland vol. Daardoor kunnen huishoudens met zonnepanelen niet altijd hun overtollig opgewekte stroom terugleveren. Met een thuisaccu kun je die stroom opslaan voor later gebruik, maar veel woningen zijn ongeschikt om veilig van een thuisbatterij te voorzien.
( 10
min )
Het OM gaat een 46-jarige vrouw vervolgen voor grafschennis. De vrouw was in september 2021 aanwezig bij een spirituele bijeenkomst op het kindergedeelte van begraafplaats Rusthof in Leusden. De directeur van de begraafplaats had toestemming gegeven voor de bijeenkomst. Daarom is vandaag de stelling: 'Voor evenementen op begraafplaatsen mag nooit toestemming worden gegeven'.
( 7
min )
Looneisen van vakbonden lopen op tot aan 14 procent extra voor cao-onderhandelingen, terwijl de inflatie inmiddels flink afneemt. Wat zijn reële percentages om mee te schermen? Volgens de bonden is er vooral nog veel reparatiewerk te doen.
( 12
min )
A new study by the big asset manager Vanguard reveals that younger workers are piling up retirement savings more effectively than their boomer elders. One big reason: automatic sign-up of new employees.
( 34
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Earnings season is starting, and the high bar for beats could be a bigger issue than the bond market.
( 32
min )
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The best CD rates available nationwide are a 6.00% offer from Credit Human on a take-your-pick term of 12-17 months and 5.76% on a 6-month option from TotalDirectBank.
( 21
min )
(Bloomberg) -- Gina Rinehart, Australia’s richest woman, has muscled in on one of the largest battery-metals deals to date, building a near-17% stake in Liontown Resources Ltd. and threatening its A$6.6 billion ($4.2 billion) takeover by US giant Albemarle Corp. Most Read from BloombergThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XFake Mansions and Rent-Stabilized Units Emerge in Trump TrialBlackstone’s Billion-Dollar Bet on Hollyw
( 34
min )
About 90 truck drivers and office personnel who worked for Titan Transportation Services Inc., doing business as Sunset Logistics of Grand Rapids, Michigan, say they are owed their final paychecks and escrow after receiving a string of emails from company executives notifying them that the trucking company was closing its doors. The post Michigan-based Sunset Logistics abruptly ceases operations appeared first on FreightWaves.
( 32
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Today's best savings accounts are paying record rates, and the highest rates of all are offered to kids and teens. See how they can earn up to 10% on their cash in the bank.
( 20
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Starting in January, the IRS will make the $7,500 federal EV tax credit available immediately via dealers. The Treasury Department announced the update on Friday, noting that dealers will have the option to "reduce the purchase price of the vehicle or provide cash to the buyer." The update also applies to buyers taking advantage of the $4,000 credit for used EVs.
( 31
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Mizuho's favorite stocks to play the natural-gas boom include Coterra, EQT, Range Resources, and Antero Resources.
( 20
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The U.S. Treasury Department and IRS announced new guidelines allowing consumers to transfer their EV tax credits to dealers in an effort to boost demand.
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Coming up next week: earnings from big banks, the latest inflation readings, and Amazon's "Prime Big Deal Days" event.
( 21
min )
The White House may have blamed Exxon Mobil for high energy prices taking their toll on consumers, but would struggle to thwart the top U.S. oil producer's contemplated $60 billion acquisition of Pioneer Natural Resources, five antitrust lawyers and experts said on Friday. Deal negotiations between Exxon and Pioneer are advanced but have not yet led to an agreement, Reuters reported on Thursday. The acquisition would give Exxon ownership of the largest producer in the biggest U.S. oilfield.
( 34
min )
Wedbush says real estate investment trusts look cheap and poised to shine next year and beyond, despite risks. The investment bank discusses its favorite sectors—and a baker’s dozen of picks.
( 27
min )
Seven charts that explain oil’s big price moves
( 29
min )
“Looking back at previous housing recessions, we think the 1980s are a better analogy for today's market than the 2008 housing crash,” BofA economists said.
( 33
min )
Realty Income Corp. (NYSE:O) is one of the world's largest public REITs, but you may not have heard of it because of the sector it operates in. Realty Income holds one type of asset: properties with net leases. After steadily building a portfolio worth over $40 billion in U.S. assets, Realty Income is taking its show on the road to Europe. The move into Europe began in 2019 when Realty Income acquired a large tranch of grocery stores in England. Now the REIT is looking to Europe for even more op
( 35
min )
Sam Bankman-Fried authorized the illegal use of FTX customers' funds and assets to plug financial gaps at an affiliated hedge fund from the exchange's earliest days, FTX's co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed their case that Bankman-Fried was the mastermind behind one of the biggest frauds in U.S. history. “FTX was not fine,” Wang said, referring to the now-infamous tweet that Bankman-Fried wrote only a few days before the exchange filed for bankruptcy in November 2022.
( 33
min )
Warren Buffett's Berkshire Hathaway continued selling off more of its HP Inc. shares at a loss this week and dropped its stake below 10% of the printer and computer maker. Berkshire said in a filing with the Securities and Exchange Commission that the latest sale of over 3 million shares Tuesday raised more than $80 million. Berkshire said Monday it had just sold off 5 million other shares.
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We may be in the biggest bear market of all time for U.S. Treasury bonds, analysts at Bank of America wrote in a research note Friday.
( 19
min )
FTX cofounder and childhood friend Gary Wang took the stand and admitted to the crypto empire’s crimes.
( 33
min )
In the ever-evolving world of stocks, the year has seen its share of ups and downs. Currently, the stock market grapples with the headwinds of rising interest rates and the resulting surge in bond yields. At the same time, there is reason for optimism. Based on historical patterns, Q4 is typically the year’s strongest for US stocks, and investment bank Goldman Sachs is sticking resolutely with its earlier year-end price target of 4,500 on the S&P 500. “Our baseline view remains that the index wi
( 35
min )
Billionaire Elon Musk called it "bullsh**t" and "morally wrong." JP Morgan CEO Jamie Dimon declared himself a remote-work skeptic, and Meta CEO Mark Zuckerberg has stated that engineers "get more done" in the office. While companies like Amazon.com Inc., Apple Inc., Meta and Zoom may be demanding their employees return to the office post-COVID, remote working is far from dead. About 28% of people work at jobs that allow for remote work, according to the Bureau of Labor Statistics. Don't Miss: El
( 33
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Friday, Battle Road Research analyst Ben Rose downgraded Rivian stock to Sell from Hold. He was surprised by the convertible note sale.
( 18
min )
Disney's stock is down nearly 7% this year. But analysts at Bernstein and Seaport are bullish.
( 17
min )
The Aussie dollar initially plunged during the course of the week, only to turn around and recover quite nicely. By doing so, the market looks as if it is ready to continue fighting, but it will be interesting to see how this all plays out.
( 32
min )
Stocks have recently retreated as Treasury yields continue to rise. To navigate this market turbulence, CNBC's Jim Cramer offers some promising insights. "We're in an unusual situation, but skyrocketing bond yields are bad news for the vast bulk of the market. The mega-cap techs are the one big exception. You want to make it through this difficult moment?" he asked in a recent "Mad Money" segment. "You need the Magnificent Seven, and then the rest." By Magnificent Seven, Cramer means seven mega-
( 34
min )
(Bloomberg) -- Former Treasury Secretary Lawrence Summers said the surge in US job growth last month is “great news” for now but also suggests the Federal Reserve’s interest-rate hikes aren’t working as they used to, raising the danger of a hard landing for the economy.Most Read from BloombergThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XIt's Done. The Future Is Battery-Powered Electric CarsAlmost Anyone Can Become the House Speake
( 33
min )
The allure of glamorous lifestyles, decadence and the high-stakes world of finance has always captured the public's imagination. From over-the-top parties to lavish yachts, the movie "The Wolf of Wall Street" painted a picture of the American dream taken to its extreme. While audiences watched in both awe and disbelief as the character lavishly spent his millions, the reality presents an intriguing twist. Leonardo DiCaprio, the actor who brought Jordan Belfort's character to life with such vibra
( 33
min )
When people think of the term living paycheck to paycheck, images of low-income families struggling to make ends meet might come to mind. But new data reveals that a significant portion of high earners, particularly those raking in over $150,000 annually, also find themselves caught in this vicious financial cycle. Don't Miss: Until 2016 it was illegal for retail investors to invest in high-growth startups. Thanks to changes in federal law, this Kevin O'Leary-backed startup lets you become a ven
( 33
min )
A deal would be Exxon's biggest acquisition since its $81 billion deal for Mobil in 1998 and could deepen the oil major's position in the country's most lucrative oil patch. XOM's endeavor to acquire large U.S. producers has not been widely seen as successful by investors, with many looking at the acquisition of XTO being not executed very well.
( 32
min )
Tesla Inc. has been at the forefront of the electric vehicle revolution, seeing its stock double this year and become a favorite among investors and consumers alike. The company's success story has gained a great deal of attention, with debates over its valuation and future potential raging among investors and analysts. While many sing praises for Tesla and its leader Elon Musk, Berkshire Hathaway Inc. Vice Chairman Charlie Munger remains more reserved. His caution is not entirely without basis,
( 34
min )
There's a reason that Social Security is called "the third rail of American politics" – as in, touch it and die. Most Americans – especially seniors – are fiercely protective when it comes to their retirement benefits. A financial advisor … Continue reading → The post Almost 8 in 10 People Oppose Raising the Full Retirement Age for Social Security appeared first on SmartAsset Blog.
( 33
min )
(Bloomberg) -- Steven Major, HSBC Holding Plc’s renowned bond bull, said he was wrong-footed by the recent bond selloff because he underestimated how badly investors would react to ballooning US debt and a surge in supply.Most Read from BloombergThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XIt's Done. The Future Is Battery-Powered Electric CarsUS Stocks Rebound as Wall Street Debates Rates: Markets WrapAlmost Anyone Can Become the
( 32
min )
Conflicting currents are buffeting the markets, and it’s difficult to see the clear path forward for investors. The falling rate of annualized inflation and the continued resilience of the jobs market point toward continued economic strength – but interest rates are high, oil prices are rising, and the dollar is strong, which all tend to signal economic trouble. Until recently, the conventional wisdom has favored a ‘soft landing,’ with the Fed’s higher rates bringing down inflation, and permitti
( 36
min )
General Motors says its offer to the UAW 'is a compelling offer that would reward our team members and allow GM to succeed and thrive into the future.'
( 21
min )
(Bloomberg) -- A hotter-than-expected US jobs report will likely nudge the Federal Reserve toward raising interest rates again by the end of the year.Most Read from BloombergThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XAlmost Anyone Can Become the House Speaker, Except Donald TrumpIt's Done. The Future Is Battery-Powered Electric CarsOzempic Is Making People Buy Less Food, Walmart SaysNonfarm payrolls increased 336,000 last month
( 32
min )
Once again Elon Musk is resorting to profit-eroding price discounts to stimulate demand after Q3 vehicle sales came in well short of market expectations.
( 33
min )
A deal would be Exxon's biggest acquisition since its $81 billion deal for Mobil in 1998 and could solidify the oil major's position in the lucrative Permian basin. Exxon's shares were down 3% at $105.74. If the negotiations conclude successfully, an agreement between Exxon and Pioneer could be reached in the coming days, Reuters reported, citing three sources.
( 32
min )
American oil giant Exxon Mobil is poised to do its biggest deal in more than two decades as it prepares to buy a rival shale producer for $60bn (£49bn).
( 33
min )
The net cost of a Model 3 sedan for a U.S. buyer who qualifies for the federal tax credit is down about 33% year to date. The net cost for a Model Y buyer is down 39%. Those are huge discounts.
( 21
min )
Investors are worried that rising labor costs at Ford and GM will give Tesla a cost advantage. That isn't reflected in Tesla stock though.
( 22
min )
(Bloomberg) -- The bad news keeps piling up for the makers of everything from soft drinks to chocolate and booze.Most Read from BloombergThe Moral Case for No Longer Engaging With Elon Musk’s XThe 5% Bond Market Means Pain Is Heading Everyone’s WayAlmost Anyone Can Become the House Speaker, Except Donald TrumpIt's Done. The Future Is Battery-Powered Electric CarsOzempic Is Making People Buy Less Food, Walmart SaysThe latest blow took the form of comments from Walmart Inc., which said it’s alread
( 33
min )
(Bloomberg) -- Few businesses have Chicago roots as deep as the CME Group Inc. — the company has been based in the city for more than a century and its very name derives from the location (the letters refer to the company’s Chicago Mercantile Exchange business).Most Read from BloombergThe Moral Case for No Longer Engaging With Elon Musk’s XAlmost Anyone Can Become the House Speaker, Except Donald TrumpThe 5% Bond Market Means Pain Is Heading Everyone’s WayIt's Done. The Future Is Battery-Powered
( 34
min )
A recent study by BlackRock and Human Interest reveals an eye-catching gap in retirement savings between workers with access to employer-sponsored retirement plans and those without. The data shows that median-income employees lacking workplace retirement benefits saved one-eighth as much as those with employer-sponsored retirement plans. And by the time they retire, these workers could […] The post BlackRock Says Workers Without This May Lose Out on Almost $625,000 in Retirement Savings appeare
( 33
min )
Half a million dollars might sound like a lot of money, but if you’re approaching retirement, is it enough? If you have $500,000 in a pre-tax IRA and expect $2,000 per month from Social Security, you may have enough money to retire at age 67. A half million dollars is a relatively modest nest egg, […] The post I Have $500k in an IRA and Will Receive $2,000 Monthly From Social Security. Can I Retire at 67? appeared first on SmartReads by SmartAsset.
( 34
min )
Over half of VinFast's sales last quarter were to a taxi company owned by the EV maker's founder, Pham Nhat Vuong.
( 33
min )
(Bloomberg) -- Blackstone Inc. has given former Walt Disney Co. executives Kevin Mayer and Tom Staggs more than $1 billion to build the next great entertainment company. That investment has been put to the test this year.Most Read from BloombergThe Moral Case for No Longer Engaging With Elon Musk’s XAlmost Anyone Can Become the House Speaker, Except Donald TrumpIt's Done. The Future Is Battery-Powered Electric CarsOzempic Is Making People Buy Less Food, Walmart SaysThe 5% Bond Market Means Pain
( 36
min )
The luxury automaker is asking for $100,000, saying the Nashville dealership is harming Lamborghini’s reputation while profiting off its name.
( 32
min )
Apple’s next earnings report is just a few weeks away. It’s likely to post a fourth consecutive quarter of year-over-year revenue declines.
( 24
min )
It has been a hellish week for energy investors. Exxon Mobil just gave them a reason to smile.
( 27
min )
The acquisition would be Exxon's biggest since Mobil and would eclipse the 2019 merger between Occidental and Anadarko.
( 17
min )
(Bloomberg) -- Tesla Inc. cut prices on its top-selling models in the US again, days after its third-quarter deliveries missed estimates.Most Read from BloombergThe Moral Case for No Longer Engaging With Elon Musk’s XAlmost Anyone Can Become the House Speaker, Except Donald TrumpOzempic Is Making People Buy Less Food, Walmart SaysIt's Done. The Future Is Battery-Powered Electric CarsOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysThe carmaker marked down the starting price of the
( 32
min )
A report says Exxon Mobil is close to acquiring Pioneer Natural Resources in a deal that could be worth about $60 billion, Tesla is cutting prices of its Model 3 and Model Y vehicles in the U.S., and Rivian rises modestly after a record share slump.
( 20
min )
(Bloomberg) -- Beaten-down bonds will make a comeback in 2024 when higher interest rates send the economy into a recession, according to Bank of America Corp.’s Michael Hartnett.Most Read from BloombergThe Moral Case for No Longer Engaging With Elon Musk’s XAlmost Anyone Can Become the House Speaker, Except Donald TrumpOzempic Is Making People Buy Less Food, Walmart SaysIt's Done. The Future Is Battery-Powered Electric CarsOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOnce the
( 32
min )
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co.’s revenue slid a less-than-projected 11% after demand from artificial intelligence players helped offset sagging smartphone and laptop chip sales.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpThe Moral Case for No Longer Engaging With Elon Musk’s XOzempic Is Making People Buy Less Food, Walmart SaysIt's Done. The Future Is Battery-Powered Electric CarsOnly an Equities Crash Can Rescue the Bond Market,
( 32
min )
Pepsi, which makes Frito-Lays and soda pop, has suffered on concerns that snacking will become a thing of the past. Earnings should show how strong the business really is.
( 19
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(Bloomberg) -- The deepest losses in US Treasuries in decades are sharpening the focus on China’s holdings of the securities.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpThe Moral Case for No Longer Engaging With Elon Musk’s XOzempic Is Making People Buy Less Food, Walmart SaysIt's Done. The Future Is Battery-Powered Electric CarsOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysAs debate rages about how high US yields may soar, Apollo Glob
( 33
min )
(Bloomberg) -- Exxon Mobil Corp. is nearing a deal worth as much as $60 billion to buy shale-focused Pioneer Natural Resources Co., the Wall Street Journal reported, citing unidentified people familiar with the matter. Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOzempic Is Making People Buy Less Food, Walmart SaysThe Moral Case for No Longer Engaging With Elon Musk’s XOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysIt's Done. The Future
( 32
min )
A deal could be sealed as soon as in the coming days, though it is still possible there won’t be one, people familiar with the matter said.
( 30
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Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian shale basin producer in the region of $60 billion, people familiar with the matter said on Thursday. The acquisition would expand Exxon's footprint in one of the most lucrative areas of the U.S. oil patch. Pioneer is the third-largest producer of oil in the Permian basin after Chevron Corp and ConocoPhillips.
( 32
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The best CD rates available nationwide are a 6.00% offer from Credit Human on a take-your-pick term of 12-17 months and 5.76% on a 6-month option from TotalDirectBank.
( 19
min )
Analysts from Morgan Stanley, Goldman Sachs, RBC, Wells Fargo and other firms said that while the addition of 336,000 jobs puts pressure on the Federal Reserve, the central bank is unlikely to raise rates again this year.
( 18
min )
Today's best savings accounts are paying record rates, and the highest rates of all are offered to kids and teens. See how they can earn up to 10% on their cash in the bank.
( 18
min )
Pioneer Natural Resources shares soared following reports that the shale oil driller was in advanced talks to be purchased by Exxon Mobil.
( 17
min )
The S&P 500 gained 1.2% on Friday, Oct. 6, 2023, after the Labor Department reported hiring jumped but wage gains slowed, raising optimism that the Fed might not keep raising interest rates to fight inflation.
( 17
min )
The U.S. Treasury Department and IRS announced new guidelines allowing consumers to transfer their EV tax credits to dealers in an effort to boost demand.
( 17
min )
Coming up next week: earnings from big banks, the latest inflation readings, and Amazon's "Prime Big Deal Days" event.
( 21
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The UAW decided not to expand its strike against the Big Three automakers on Friday as it did in previous weeks, reporting progress in negotiations.
( 17
min )
British energy giant Shell PLC raised its Q3 earnings guidance on better-than-expected natural gas and chemicals trading volumes, probably due to surging oil and gas prices.
( 18
min )
Pre-approved credit card offers will not affect your credit score unless you respond by filling out and submitting an application and possibly not even then.
( 26
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Fixed vs. adjustable-rate mortgages and other factors that can affect the interest rate you'll have to pay on a home loan.
( 26
min )
Many women today struggle to to pay their healthcare bills, for reasons that include income inequality. Here are the statistics.
( 26
min )
We may be in the biggest bear market of all time for U.S. Treasury bonds, analysts at Bank of America wrote in a research note Friday.
( 18
min )
Taiwan Semiconductor posted September revenue that was better than analysts expected as AI exposure appeared to help overcome a slide in its PC and smartphone sales.
( 17
min )
If you're going to invest in ETFs, you should know the intricacies of expense ratios.
( 23
min )
The federal government doesn’t offer unsecured personal loans, but it does offer loans for specific purposes such as education, housing, and business.
( 22
min )
The green card backlog is pushing U.S. tech companies to lobby for reform. Read how Microsoft, Facebook, and others want to change the green card process.
( 29
min )
Crowdfunding is the use of small amounts of capital from a large number of people to raise money or fund a business. Learn the pros and cons of crowdfunding.
( 28
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A new rule passed by the Securities and Exchange Commission will allow ETFs that meet certain conditions to go directly to market.
( 20
min )
U.S. equities were higher at midday on Friday, Oct. 6, 2023 after the Labor Department reported employers added more jobs than expected in September, but wage growth slowed.
( 18
min )
A short gold ETF is an exchange-traded fund (ETF) that seeks to profit from a decline in the price of gold.
( 25
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The U.S. FDA said Philips hasn't done enough to address concerns that its sleep apnea machines could harm users.
( 17
min )
An energy tax credit is a government-sponsored incentive that reduces the cost for people and businesses to use alternative energy resources.
( 25
min )
Fundamental analysis and technical analysis are the major schools of thought when it comes to analyzing the financial markets and individual securities. Here are the main differences between the two.
( 26
min )
A no-fee ETF is an exchange-traded fund (ETF) that can be bought and traded without paying a commission or fee to a broker.
( 22
min )
Levi Strauss missed quarterly sales forecasts, and it cut its full-year guidance as uncertain macroeconomic conditions weighed on consumer demand.
( 17
min )
Intellectual property is a set of intangibles owned and legally protected by a company from outside use or implementation without consent.
( 27
min )
Social Security retirement benefits are often used to supplement other income in retirement. However, some people live on Social Security alone. Here's how it can work.
( 26
min )
REIT ETFs are exchange-traded funds (ETFs) that primarily invest in equity REIT securities and aim to emulate REIT indexes.
( 20
min )
Income ETFs can be a solid option during retirement. These insights can help you decide whether to include them in your portfolio.
( 21
min )
Tesla shares fell after the EV maker lowered prices on its Model 3 and Model Y vehicles in the U.S. to boost demand.
( 17
min )
A warranty is a form of guarantee that a manufacturer offers to repair or replace a faulty product within a window of time after purchase.
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The sand that the Federal Reserve is throwing in the economy’s gears appears to be having less than its intended effect: employers accelerated hiring in September.
( 17
min )
Reselling Christmas toys and gifts may put a few extra dollars in your pocket, but it isn’t going to replace your primary source of income.
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If you don’t time your student loan payments carefully, you can easily get burned and end up giving your lender way more money.
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min )
Inventory is the term for merchandise or raw materials that a company has on hand.
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An audit is an unbiased examination and evaluation of the financial statements of an organization.
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min )
Jan Tinbergen was a Dutch economist who won the Nobel Prize in Economics in 1969 for the development of dynamic macroeconomic models.
( 22
min )
Het ruime begrotingsbeleid van veel eurolanden dwarsboomt de inspanningen van de Europese Centrale Bank (ECB) om de inflatie omlaag te krijgen. Dat zei Klaas Knot, president van De Nederlandsche Bank (DNB) en ECB-bestuurslid op een bijeenkomst in Slowakije.
( 9
min )
Amazon heeft de eerste twee satellieten gelanceerd voor zijn Project Kuiper. Het webwinkel- en techbedrijf wil een netwerk van duizenden satellieten opzetten om internetdiensten aan te bieden op aarde. Daarmee gaan ze de concurrentie aan met Starlink van Elon Musks SpaceX.
( 9
min )
Een nieuwbouwhuis is in deze tijd moeilijk te betalen voor een starter, en dat zal niet snel veranderen. In Heerenveen staat een fabriek waar die mogelijkheid toch gecreëerd moet worden. Twintig keer per dag wordt hier een woning met een prijskaartje vanaf 175.000 euro gemaakt.
( 3
min )
De snelle doorstart van de failliete garnalenverwerker Heiploeg in 2014 is toch niet helemaal volgens de regels gegaan. De Hoge Raad, het hoogste rechtsorgaan, heeft eerdere uitspraken in de langslepende rechtszaak vernietigd.
( 9
min )
"Wat is eigenlijk het verschil tussen kunstmatige intelligentie en gewoon googelen?", vraagt koningin Máxima tijdens een rondleiding bij de Hogeschool van Amsterdam. Een terechte vraag, maar AI gaat vaak veel verder en dieper dan Google. En dat moet verantwoord gebeuren.
( 9
min )
Het wordt een terugkerende traditie voor de feestdagen: het Grote Speelgoedboek van bol.com dat op de deurmat valt, met tientallen bladzijden aan speelgoedreclame. Opvallend is dat er geen precieze bedragen worden vermeld bij de producten.
( 10
min )
Op de Nederlandse eilanden Bonaire, Saba en Sint-Eustatius kunnen de bewoners moeilijk rondkomen, blijkt uit onderzoek van budgetvoorlichter Nibud. Daarom moet het minimumloon omhoog.
( 9
min )
Michelin gaat voortaan ook hotels beoordelen. De inspecteurs van de Franse bandenmaker gaan voortaan "de uitzonderlijkste hotels ter wereld" aanwijzen. Dat gebeurt niet met sterren, maar met sleutels.
( 9
min )
Suiker is in een maand tijd bijna 10 procent duurder geworden. Daarmee was de prijs van suiker in september op het hoogste niveau in meer dan tien jaar tijd, meldt de voedsel- en landbouworganisatie van de Verenigde Naties (FAO). De hoge suikerprijzen ontstaan door toenemende zorgen over krappe suikervoorraden.
( 9
min )
De vergunningen van twaalf industriële bedrijven voor het lozen van onder meer kwik, zink en stikstof voldoen niet aan de regels. Dat blijkt uit onderzoek van het Het Financieele Dagblad (FD) en onderzoeksplatform Investico.
( 9
min )
Philips moet zijn slaapapneuapparaten extra laten testen, heeft de Amerikaanse voedsel- en medicijnenwaakhond FDA bepaald. Deze testen moeten uitwijzen wat de gezondheidsrisico's zijn voor patiënten die een defect apparaat hebben gebruikt.
( 9
min )
Oliemaatschappij ExxonMobil zou van plan zijn om de Amerikaanse branchegenoot Pioneer Natural Resources over te nemen. Exxon zou daar zo'n 60 miljard dollar (57 miljard euro) voor over hebben.
( 8
min )
Zuivelbedrijf FrieslandCampina heeft een flinke reorganisatie aangekondigd. De kosten moeten met 400 tot 500 miljoen euro omlaag. Het betekent onder meer dat een deel van het personeel weg moet.
( 8
min )
De subsidie voor nieuwe elektrische auto's blijft komend jaar toch op hetzelfde niveau als dit jaar. De eerder geplande afbouw gaat niet door, meldt demissionair staatssecretaris Vivianne Heijnen (Infrastructuur en Waterstaat) aan de Tweede Kamer.
( 8
min )
De krapte op de woningmarkt neemt weer toe. Daardoor zijn kopers de afgelopen maanden weer vaker gaan overbieden. Dat is niet gunstig voor starters op de huizenmarkt.
( 10
min )
De krapte op de woningmarkt neemt weer toe. Daardoor zijn kopers de afgelopen maanden weer vaker gaan overbieden. Dat is niet gunstig voor starters op de huizenmarkt.
( 10
min )
What should we make of today’s market conditions? Investors are digesting how the Federal Reserve’s ‘higher for longer’ interest rate policy will impact the economy, and they’re not pleased with the prospect. Other challenges on the horizon include the ongoing Congressional budget battles, lingering inflation, the evaporation of consumer savings and purchasing power, and concerns over China’s incendiary combination of slowing growth, geopolitical ambition, and approaching demographic collapse. T
( 35
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(Bloomberg) -- For the past 18 months, Federal Reserve Chair Jerome Powell has frantically been trying to break Americans' borrow-and-spend habits. It’s critical to his fight against inflation.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOzempic Is Making People Buy Less Food, Walmart SaysOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysThe Moral Case for No Longer Engaging With Elon Musk’s XIt's Done. The Future Is Battery-Powered Electri
( 34
min )
Investor Charlie Munger, who's been Warren Buffett's right-hand man for more than five decades, has made a $40 million gift to a California museum that he's supported in the past. Munger gave 77 Class A Berkshire Hathaway shares to the Henry E. Huntington Library and Art Museum in San Marino, California, according to a filing with the Securities and Exchange Commission. At Thursday's closing price of $523,545.06 a share, that made the gift worth more than $40.3 million.
( 32
min )
Mike Lindell said he can't afford to pay $2 million a month to his attorneys in election-related cases. "I have $10,000 to my name," he said.
( 32
min )
(Bloomberg) -- Sam Bankman-Fried last year told a close friend from MIT who joined FTX as a software developer that the cryptocurrency exchange was no longer “bulletproof” amid mounting failures in the industry and $8 billion that had been lent to affiliated hedge fund Alameda Research.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOzempic Is Making People Buy Less Food, Walmart SaysIt's Done.
( 33
min )
Prior to Wang taking the stand, there was a 15-minute break during which Bankman-Fried looked visibly irritated. At one point his father, Joseph Bankman, patted his mother, Barbara Fried, on the back, said something and laughed. On the stand, Wang admitted that he committed wire fraud, securities fraud and commodities fraud.
( 32
min )
Ed Yardeni believes bond vigilantes are attempting to spike Treasury yields in protest against unsustainable fiscal policy—but the Treasury Secretary isn’t so sure.
( 35
min )
MGM Resorts refused to pay a hackers’ ransom demand in a September cyberattack that threw its Las Vegas Strip resorts into chaos, according to a person familiar with the matter.
( 29
min )
Paris-based drugmaker Sanofi is exploring a potential acquisition of cancer drugmaker Mirati Therapeutics, Bloomberg News reported on Thursday citing people familiar with the matter. Deliberations are ongoing and there is no certainty they will result in an agreement, the report said, adding that Mirati could also attract interest from other suitors. A Sanofi spokesperson responded to a Reuters' request saying the company does not comment on market rumors.
( 31
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(Bloomberg) -- French pharmaceutical giant Sanofi is exploring a potential acquisition of cancer drugmaker Mirati Therapeutics Inc., according to people familiar with the matter. Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOzempic Is Making People Buy Less Food, Walmart SaysApple Considered, Rejected Switch to DuckDuckGo From GoogleFed’s Bid to Avoid Recession Tested by Yields Nearing 20-Ye
( 32
min )
Month after month, like clockwork, you pay your wireless carrier for the services it provides. But imagine that instead of just paying them, you're also getting a piece of the pie — through dividends. Wireless carriers and telecommunications companies in general often pay dividends. They operate in an essential industry with high barriers to entry, owing to the significant capital expenditure required for infrastructure and network maintenance. At the same time, the recurring revenue model — whe
( 33
min )
America's billionaires have had a great year from a financial standpoint. The top 20 people on Forbes' 2023 richest list have added $310 billion to their fortunes. Together, they have a combined wealth of $1.9 trillion, a 30% increase from a year ago. To give a sense of how significant their growth is, these 20 people now hold 40% of the total wealth of the entire Forbes 400 list. Among the top 20, Nvidia Corp. CEO Jensen Huang stands out. His company, which has made big strides in artificial in
( 33
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Learn who the top 10 billionaires in the world are and how they built their wealth.
( 35
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If you could live anywhere, where would it be? If you want to rub elbows with some of the most successful people in the United States, Wyoming could be a good choice. Known as the Equality State because it was the first to give women the right to vote, Wyoming is home 3.47 billionaires per 1 million people. They have an average worth of $23.5 billion, according to research conducted by The Digital Project Manager. Mars Inc. heir John Mars and Christy Walton, who married into the family that foun
( 32
min )
Shares of Rivian Automotive Inc fell by more than 20% on Thursday, after the electric vehicle maker unveiled plans to issue $1.5 billion worth of convertible green bonds. Irvine, California-based Rivian expects the bonds, which will mature in October 2030 and can be converted to either cash or its shares, will help it to "de-risk" the launch of its R2 sports utility vehicle in Georgia, a company spokesperson told Reuters on Wednesday. It is the second time in less than a year that Rivian is issuing such a green bond, which raises capital from investors seeking to back climate-focused projects.
( 32
min )
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With another jump higher, 30-year mortgage rates keep setting new records—hitting three historic peaks in the past week. Rates were mixed for other loan types.
( 20
min )
CNBC Disney Slashes Children's Ticket Prices Amid Attendance Slump The Walt Disney Company (NYSE: DIS) has unveiled a new series of discounts for children visiting its iconic Disneyland and Disney World parks. This strategic move comes amidst a noticeable decline in attendance and hotel occupancy, a trend exacerbated by the inflationary pressures that have made vacations more expensive for families. Beginning October 24, Disneyland, located in California, will offer tickets for children aged thr
( 36
min )
The collapse of Sam Bankman-Fried's cryptocurrency exchange FTX has led to an increased focus on the role played by Alameda Research and its CEO Caroline Ellison, also SBF's gal pal, in the firm's implosion.
( 33
min )
US Markets MaxCyte, Rivian Automotive And Other Big Stocks Moving Lower In Thursday's Pre-Market Session Investor Fear Eases Amid Pullback In Treasury Yields Jim Cramer Predicts Potential Stock Market Rally Triggered By Jobs Report: 'Certainly Have Plenty Of Tinder' Crypto Cocoa Bean Trader, First Witness In Sam Bankman-Fried Trial, Recounts $100K Loss To FTX Shiba Inu Burn Rate Skyrockets Over 75% While SHIB Remains Trapped In Price Range Donald Trump's Second NFT Sales Skyrocket 350% Amid Buzz
( 33
min )
The markets have the tendency to overdramatize, and events are often blown out of proportion. With the stock market having experienced a pullback since the mid-summer peaks, there have been fears the bull market seen for most of the year is about to go up in smoke. But that is not the case at all,” argues Matt Orton, Chief Market Strategist at Raymond James. Throughout the year, the markets have been “pushing back” against the Fed’s narrative that interest rates will need to stay elevated for an
( 35
min )
↘️ Rivian Automotive (RIVN): Shares in the electric-vehicle maker fell more than 15% after it announced plans to raise more funds. Rivian, which [has struggled to keep production up](https://www.wsj.com/business/autos
( 24
min )
Shares of VinFast were gaining in morning trading, recently up 5%, after the Vietnamese electric-vehicle maker said its third-quarter revenue more than doubled from the year-ago period.
The company also said deliveries of its EVs rose about 5% from the previous quarter, and that deliveries of e-sco
( 22
min )
The company is burning through cash–it sold trucks at an average loss of $33,000 in the second quarter.
( 22
min )
Luxury electric-vehicle maker Lucid Group on Thursday launched a cheaper, rear-wheel drive version of the Air Pure sedan starting at $77,400, as it looks to stoke demand. Despite the lower price, the new Lucid model is more expensive than larger rival Tesla's Model S luxury sedan, which starts at $75,000. The new variant of the Air sedan is available immediately and will offer a range of 410 miles on a full charge, the company said.
( 30
min )
(Bloomberg) -- Lithium prices are plunging around the world, but the slump is particularly glaring in China, where the key battery metal is trading at a big discount versus the US.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOzempic Is Making People Buy Less Food, Walmart SaysApple Considered, Rejected Switch to DuckDuckGo From GoogleKey Taiwan Tech Firms Helping Huawei With China Chip Plant
( 32
min )
People love to blame fuel stations when pump prices rise, and now they can—sort of.
( 27
min )
Buyout decisions have become increasingly common for those with a pension plan. If you get this offer, the most important questions to deal with include when you would you receive the payout, and how long you expect to live. The earlier you would receive a lump sum payout, the more it will be worth to you […] The post Should I Take a $48,000 Lump Sum or $462 Monthly Payments for a Pension Annuity? appeared first on SmartReads by SmartAsset.
( 34
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I’m 50 and my husband is 57. We paid off all debts and have $1 million in our 401(k) and IRA. We also own $1 million in rental properties that give us a $5,000 net profit monthly. We hope to keep the rental homes for another 15 years for income. We have $200,000 in savings […] The post Ask an Advisor: We Have $1.45M Saved, Plus $1M in Rental Properties That Make Us $5K Per Month. Can We Retire in 5 Years? appeared first on SmartReads by SmartAsset.
( 34
min )
(Bloomberg) -- William Eigen is sticking to the strategy that has helped him thrive amid the worst bond rout in history: keeping most of his $8.8 billion JPMorgan Strategic Income Opportunities Fund in cash.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysKey Taiwan Tech Firms Helping Huawei With China Chip PlantsOzempic Is Making People Buy Less Food, Walmart SaysApple Considered, Rejected Swit
( 33
min )
Vietnamese electric-vehicle (EV) maker VinFast on Thursday reported a 159% rise in third-quarter revenue as it ramped up car deliveries and sought to boost sales by partnering with dealers in the United States. Revenue for the third quarter was 8.25 trillion Vietnamese dong ($338 million). ($1 = 24,380.0000 dong)
( 30
min )
(Bloomberg) -- After a brief respite from soaring auto debt, Americans are once again falling deeply underwater on their car loans.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysKey Taiwan Tech Firms Helping Huawei With China Chip PlantsOzempic Is Making People Buy Less Food, Walmart SaysApple Considered, Rejected Switch to DuckDuckGo From GoogleUsed-car values have tumbled about 16% from the
( 31
min )
The assets, whose ownership is in dispute, could be used to pay back creditors of Alameda Research and FTX.
( 32
min )
Rivian stock falls after saying third-quarter revenue would be in line with analysts' estimates and announcing an offering of $1.5 billion in convertible notes. Clorox slashes its fiscal first-quarter outlook following a cyberattack in August.
( 22
min )
(Bloomberg) -- Oil clawed back a little ground after signs of weaker demand and concerns about a slowdown in global growth sparked the steepest one-day drop in more than a year.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpKey Taiwan Tech Firms Helping Huawei With China Chip PlantsOzempic Is Making People Buy Less Food, Walmart SaysUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapApple Considered, Rejected Switch to DuckDuckGo From GoogleWe
( 32
min )
(Bloomberg) -- Alstom SA plunged by more than a third after the French train maker slashed its financial guidance due to delays on UK contracts and a rise in inventories.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOzempic Is Making People Buy Less Food, Walmart SaysUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapApple Considered, Rejected Switch to DuckDuckGo From GoogleThe
( 33
min )
The company is burning through cash–it sold trucks at an average loss of $33,000 in the second quarter.
( 22
min )
Gold edged higher on Thursday, set to end its eight-session-long losing streak, last seen around the same time in 2016, as U.S. bond yields and the dollar retreated from recent highs ahead of a keenly awaited non-farm payrolls report this week. "While there is an attempt for gold prices to stabilize into today's session, there is not much conviction of a reversal just yet," IG market strategist Yeap Jun Rong said.
( 32
min )
(Bloomberg) -- In July this year, Nuremberg’s mayor celebrated the final beam being placed atop the redeveloped Quelle building, a monumental 1950s symbol of postwar Germany’s economic revival. Revamped with offices, shops and homes, a big part of the giant complex was slated to open in 2024.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpKey Taiwan Tech Firms Helping Huawei With China Chip PlantsOzempic Is Making People Buy Less Food, Walmart SaysUS Stocks
( 34
min )
Satellite imagery suggests that global oil inventories have surged by 30 million barrels in the first three weeks of September, according to JPMorgan.
( 32
min )
(Bloomberg) -- Global bonds are doomed to keep falling unless a sustained slump in equities revives the appeal of fixed-income assets, according to Barclays Plc. Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpKey Taiwan Tech Firms Helping Huawei With China Chip PlantsUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapOzempic Is Making People Buy Less Food, Walmart SaysFootball’s World Cup Is Coming to North Africa for First Time“There is no ma
( 32
min )
The Trump-era tax cuts will phase out at the end of 2025 unless they are extended. Financial advisers say now is the time for retirees—and near retirees—to start planning for that.
( 27
min )
Clorox revealed Wednesday how much it anticipates the cyberattack that the company recently experienced will weigh on its first-quarter financial performance.
( 33
min )
Being a leader can help you in your career. Here are some tips for improving your leadership skills.
( 23
min )
The Licensed International Financial Analyst is a professional designation for investment professionals throughout the world.
( 22
min )
The S&P 500 was little changed on Thursday, Oct. 5, 2023 ahead of Friday's jobs report, and Clorox shares tumbled after warning a cyberattack would have a significant negative impact on its quarterly earnings.
( 16
min )
The best CD rates available nationwide are a 6.00% offer from Credit Human on a take-your-pick term of 12-17 months, and 5.76% on a 6-month option from TotalDirectBank.
( 19
min )
Constellation Brands beat profit and revenue forecasts and boosted its guidance on strong beer sales, but demand for wine and spirits slumped.
( 17
min )
Project finance is the financing of long-term infrastructure and industrial projects using a non- or limited-recourse financial structure.
( 24
min )
Lamb Weston was the best-performing stock in the S&P 500 on Thursday after the food processor posted a big jump in profits and boosted its outlook as it benefited from higher prices.
( 17
min )
It's never been easier to earn well over 5%—even 6%—on your cash in the bank. Today's high-yield savings, money market, and CD accounts are all paying record rates.
( 17
min )
Black Friday takes place the day after Thanksgiving, is full of big discounts, and is considered the beginning of the holiday shopping season.
( 26
min )
San Francisco Fed President Mary Daly said that the tightening of financial conditions over the past 90 days “diminished” the need for further rate hikes, but argued the Fed should keep its options open.
( 18
min )
Higher oil prices likely boosted ExxonMobil's third-quarter profit compared to the previous quarter, the company said in a Securities and Exchange Commission (SEC) filing late Wednesday.
( 18
min )
The last time mortgage rates were this high, you could check on them using the free 1,000 hours of dial-up Internet access CD-ROM that America Online sent you in the mail.
( 17
min )
Delaware provides favorable tax shelters, which has led high numbers of companies to incorporate there.
( 23
min )
Surging vehicle sales more than doubled the revenue of Vietnamese electric carmaker Vinfast (VFS), the company said in its latest earnings report.
( 19
min )
A new report from crypto intelligence firm Messari indicates funding for the industry has dried up, dropping to levels not seen since the last quarter of 2020.
( 18
min )
The First Amendment protects the freedoms of Speech, Religion, Press, Assembly, and Petition for Americans. Learn how it works and why it's important.
( 24
min )
Understand the argument that the repeal of the Glass-Steagall Act caused the 2008 financial crisis, and learn why the argument may not be valid.
( 23
min )
LG Energy Solution will invest approximately $3 billion in its Michigan battery facility to supply lithium ion batteries for Toyota electric vehicles.
( 17
min )
Getting Exposure to the Cryptocurrency World Without Buying Crypto Is an Excellent Way to Get Involved Without Taking Too Much Risk. Here Are Some Options.
( 25
min )
BlackBerry announced plans to separate its Internet of Things (IoT) business, expecting to launch its IPO in the next fiscal year.
( 17
min )
Use these practical tips to help curb excess holiday spending and ensure you stay on budget for the new year.
( 22
min )
Rivian shares fell Thursday after the electric truck maker said it would offer $1.5 billion in "green" convertible notes for use to finance, refinance, or invest directly in new or recently completed green energy projects.
( 17
min )
Markets declined at midday on Thursday, Oct. 5, 2023, after a report on weekly jobless claims came in lower than expected, raising fears of more Fed rate hikes.
( 16
min )
With another jump higher, 30-year mortgage rates keep setting new records—hitting three historic peaks in the past week. Rates were mixed for other loan types.
( 19
min )
Learn about the CFA Level II exam, which goes more in-depth into investment management and portfolio concepts.
( 27
min )
Clorox shares plunged after warning a cyberattack that hit the cleaning products maker in August will have a significant negative impact on its quarterly results.
( 17
min )
The price of a good is inversely related to the quantity of it demanded due to human logic and behavior, as well as the income and substitution effects.
( 23
min )
Almost all (98%) of Meta's revenue comes from advertising, and a better experience for advertisers could boost the company's financials.
( 17
min )
The financial sector offers some of the best-paying jobs. See what jobs are available and find out how to switch careers to a finance job.
( 24
min )
The U.K. Competitions and Markets Authority launched an investigation into cloud services and whether big cloud services providers like Amazon, Microsoft, and Google make it difficult for businesses to switch or use more than one provider.
( 17
min )
Keiretsu is a business network composed of independent firms that have close relationships and sometimes take small equity stakes in each other.
( 24
min )
The equation of exchange is a model that shows the relationship between money supply, price level, and other elements of the economy.
( 23
min )
De Zweedse vastgoedbelegger Heimstaden wil 12.000 van zijn 13.500 Nederlandse huurwoningen verkopen. Reden zou het nieuwe overheidsbeleid zijn om huurprijzen verder te reguleren. Dat zou de verhuur minder aantrekkelijk maken voor het bedrijf.
( 10
min )
Als het aan de Tweede Kamer ligt, gaat het minimumloon volgend jaar met 1,2 procent omhoog. En daar kunnen de middeninkomens ook van profiteren, zeggen deskundigen tegen NU.nl. Werkgevers vrezen hogere loonkosten en zien niets in de plannen.
( 10
min )
Nu de koude maanden zich aandienen en de energieprijzen nog dalen, kiezen steeds meer consumenten voor zekerheid. In september nam het aantal huishoudens met een vast contract toe met 214.000. Zo'n 36 procent heeft nu een vast contract.
( 9
min )
Het aantal arbeidsongevallen is in 2022 flink toegenomen. Vorig jaar zijn er 2.357 slachtoffers gevallen bij een arbeidsongeval, 22 procent meer dan een jaar eerder. Veertig van hen zijn bij het ongeval overleden. Verder zijn mannen duidelijk vaker de klos dan vrouwen.
( 9
min )
Donald Trump staat niet meer in de Forbes 400. Op deze lijst staan de rijkste Amerikanen op volgorde van vermogen. Trump komt 300 miljoen dollar (285 miljoen euro) tekort.
( 8
min )
Een Japanse restaurantketen heeft een digitale lopende band bedacht om de gasten te serveren, meldt CNN. Daarmee wil de keten iets doen tegen 'sushiterreur'. Eerder hebben restaurantbezoekers speeksel aan het eten gesmeerd.
( 9
min )
De marktprijzen voor olie zijn woensdag met ruim 5 procent gezakt. Dat is de grootste daling sinds augustus vorig jaar. Voor een vat Noordzeeolie betaal je nu 85 dollar (ongeveer 81 euro). Lagere olieprijzen kunnen gunstig uitpakken voor de automobilist.
( 9
min )
De huizenprijzen zijn weer iets gestegen. In de maanden juli, augustus en september veranderde een bestaande woning voor gemiddeld 422.000 euro van eigenaar.
( 9
min )
Op de bank je laptop openklappen en aan het werk: veel mensen genieten van thuiswerken. Maar werk je ook efficiënter en ben je productiever? NU.nl vroeg het experts.
( 9
min )
De huizenprijzen zijn weer iets gestegen. In de maanden juli, augustus en september veranderde een bestaande woning voor gemiddeld 422.000 euro van eigenaar.
( 9
min )
Nederlandse gokkers hebben in het afgelopen jaar 1,33 miljard euro verloren met online kansspelen. Daarmee groeit de legale online gokmarkt in ons land nog steeds, maar minder hard dan voorheen.
( 9
min )
Naar verwachting gaat de zorgpremie flink stijgen volgend jaar. Zorgverzekeraar DWS wijst naar loonsverhogingen van zorgpersoneel. Ook de hogere kosten in de zorg vanwege de vergrijzing zijn een oorzaak. Vandaag is daarom onze stelling: 'De zorgpremie moet gekoppeld worden aan leeftijd.'
( 8
min )
De prijzen van etenswaren zijn in de eerste helft van 2023 iets duurder geworden. Consumenten betaalden gemiddeld 3,7 procent meer voor hun boodschappen. Maar dat geldt gelukkig niet voor álles wat je in de supermarkt koopt.
( 9
min )
Je zorgpremie wordt waarschijnlijk weer duurder. Het gaat om om en nabij 12 euro. Hoe is de prijs van je zorgpremie opgebouwd?
( 3
min )
De prijzen van etenswaren zijn in de eerste helft van 2023 iets duurder geworden. Consumenten betaalden gemiddeld 3,7 procent meer voor hun boodschappen. Maar dat geldt gelukkig niet voor álles wat je in de supermarkt koopt.
( 9
min )
A gift is something of value that is given without something of equal value being exchanged in return and, in some instances, is subject to tax.
( 23
min )
Ford and General Motors saw an increase in sales volume in the third quarter of 2023 while Stellantis reported a slight decline amid the ongoing United Auto Workers strike.
( 17
min )
The best nationally-available CD rates top September's already-sky-high APYs. You can now earn 6.00% in three different terms, and all terms offer at least 5.00%.
( 17
min )
The S&P 500 added 0.8% on Wednesday, Oct. 4, 2023, after a report showing lower-than-expected private sector job growth in September eased rate hike concerns.
( 16
min )
Sunrun shares sank to their lowest level since April 2020 before paring back some losses after a downgrade from Truist, which warned high interest rates could impact the solar panel installation market.
( 17
min )
The housing market traditionally heats up in the spring. But low inventory and more serious buyers are among the reasons the holidays can be a good time to sell.
( 26
min )
A record number of people are paying $1,000 or more for their monthly auto loan payments, and it’s not just because of high prices.
( 17
min )
Increasing aggregate demand usually corresponds with increasing price levels while decreasing demand corresponds with lower price levels. But the link isn't always clear.
( 23
min )
The best CD rates available nationwide are three 6.00% offers from Credit Human and INOVA Federal Credit Union, as well as 5.76% from TotalDirectBank.
( 19
min )
The Multilateral Investment Guarantee Agency is an organization that encourages investment in developing countries by offering risk insurance.
( 20
min )
Tesla shares rose Wednesday after the EV maker said it would sell a rear-wheel drive version of its most popular vehicle, the Model Y, at the lowest price yet for that SUV.
( 17
min )
The rare combination of falling stock and bond prices has left investors with choices they haven’t had to make in decades.
( 22
min )
Learn how to calculate and interpret the Sharpe ratio. Discover its significance to investors and find out what is considered a good Sharpe ratio.
( 23
min )
The SEC's recent enforcement push seeks to protect cryptocurrency investors from those wishing to take advantage of them.
( 34
min )
See a full overview of PNC savings account interest rates. Compare PNC Bank to top competitors and find the right savings account for your financial needs.
( 26
min )
Google hosted its 'Made by Google' event and unveiled a $999 pixel phone to compete in the smartphone industry.
( 18
min )
Gift splitting allows a married couple to gift twice as much without being subject to a gift tax.
( 24
min )
How to manage those burdensome payments as you embark on your adult life.
( 27
min )
Apple CEO Tim Cook sold 511,000 shares of company stock worth about $88 million as the stock price has tumbled from its all-time high.
( 16
min )
The student loan interest deduction allows for a tax break of up to $2,500 for interest payments on loans for higher education. Here's how to qualify.
( 27
min )
Here are some of the worst consequences of not making payments on your student loans, plus some federal programs to help you if you’re struggling to pay.
( 26
min )
The services sector, which accounts for roughly four-fifths of U.S. GDP, is showing signs of weakness, according to the latest PMI surveys issued by S&P Global and the Institute for Supply Management.
( 18
min )
Understand Canada's key industries, main trading partners, and key stats such as GDP and GDP per capita.
( 27
min )
A fiscal year (FY) is a 52- or 53-week period of time that a company or government uses for accounting purposes and preparation of its financial statements.
( 26
min )
The Grayscale Bitcoin Trust (GBTC) can help simplify investing in cryptocurrency, but it also poses some major disadvantages.
( 28
min )
Discover’s savings account doesn’t usually have the highest APY, but it’s easily accessible with no minimum deposit or monthly fee.
( 24
min )
While JP Morgan Chase CEO Jamie Dimon has predicted that artificial intelligence could bring about a shortened workweek, a report from Oxford Economics says a shrinking labor supply could challenge the productivity gains projected from AI.
( 17
min )
Parents, grandparents, and other interested adults can give financial gifts to children to help secure their future. Learn more about what's available.
( 26
min )
Markets were higher at midday on Wednesday, Oct. 4, 2023 as a report showing a slowdown in private sector hiring eased worries that a strong labor market would encourage the Fed to hike interest rates further.
( 18
min )
Joining the military is a major decision with life-altering consequences, so before making it, you should know exactly what active-duty or reserve-duty service entails.
( 26
min )
The most recent rounds of tax reform have expanded the benefits of 529 college savings plans.
( 26
min )
Apple shares wavered between gains and losses after a downgrade from KeyBanc that anticipates a slowdown in U.S. sales growth.
( 17
min )
Shares of Cal-Maine Foods slumped as the egg producer’s profit plummeted along with the price of eggs.
( 17
min )
Rates on 30-year mortgages have jumped two days in a row, adding almost a third of a percentage point and setting a new 23-year high in 8% territory.
( 19
min )
When you’re taking the plunge into buying rental property, lean on the expertise of professionals and know when it’s time to cut your losses.
( 20
min )
The Biden administration on Wednesday approved an additional $9 billion in student loan relief for up to 125,000 borrowers.
( 17
min )
How can inflation affect unemployment, and vice versa? Here, we examine the relationship between wage inflation, consumer prices, and unemployment.
( 31
min )
About 75,000 workers of the Coalition of Kaiser Permanente Unions went on strike against the health care company demanding better pay and benefits, in a move that could disrupt patient care and briefly dent Kaiser's revenues.
( 20
min )
Regardless of your age, taking these five steps will help you build a solid retirement plan.
( 29
min )
A CFO salary often includes base pay plus a whole lot of perks, bonuses, and benefits. Discover how much a CFO earns and what it takes to become one.
( 25
min )
Learn who the top 10 billionaires in the world are and how they built their wealth.
( 35
min )
The slower-than-expected pace of private sector hiring is in contrast to yesterday's JOLTS report that underscored a strong demand for labor, offering mixed signals about the resilience of the U.S. labor market.
( 18
min )
Intel plans to spin out its programmable chip unit into a standalone business, with an initial public offering expected in the next two to three years.
( 17
min )
An official settlement account tracks central banks' reserve asset transactions.
( 24
min )
The company recorded a 41.4% increase in hybrid sales, which outperformed EVs.
( 29
min )
(Bloomberg) -- Rivian Automotive Inc. sank in post market trading Wednesday after the electric-vehicle maker announced plans to issue $1.5 billion in convertible debt and reported preliminary third-quarter revenue. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapAlmost Anyone Can Become the House Speaker, Except Donald TrumpFootball’s World Cup Is Coming to North Africa for First TimeMcCarthy Ouste
( 32
min )
The macro backdrop offers a set of concerns that have weighed on investors recently. These have seemingly put the brakes on 2023’s bull market and include the prospect of interest rates staying elevated for the time being and oil prices on the up again, all while a workers’ strike rumbles on in the background. However, Savita Subramanian, the head of U.S. equity & quantitative strategy at Bank of America, makes the case that the economy is strong enough so that none of that should get in the way
( 35
min )
(Bloomberg) -- BlackBerry Ltd., wrapping up a strategic review of its options, plans to hold an initial public offering for the company’s Internet of Things division, separating the business from its main cybersecurity operations. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsAlmost Anyone Can Become the House Speaker, Except Donald TrumpUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapFootball’s World Cup Is Coming to North Africa for First Ti
( 32
min )
Looking for something to add to your Costco cart along with the 30 rolls of toilet paper? While not a typical outlet for the sale of precious metals, the members-only warehouse chain has seen its 1-ounce gold bars sell out faster than discounted 170-ounce jugs of laundry detergent. In a company earnings call last week, CFO Richard Galanti said the gold bars, sold exclusively online, are “typically gone within a few hours” of appearing on Costco's website — adding that there's a two-bar limit per member.
( 34
min )
(Reuters) -Electric-vehicle maker Rivian Automotive on Wednesday said it plans to sell convertible green bonds worth $1.5 billion and forecast quarterly revenue to rise in line with estimates. Convertible bonds can be dilutive when converted into shares and are typically seen negatively by investors when issued. Rivian's bond will mature in October 2030 and investors will have the option to convert the bonds into cash or shares in the company, it said in a filing.
( 32
min )
(Bloomberg) -- AT&T Inc. has begun to explore options for its 70% stake in DirecTV as it approaches the end of an agreement upon which it can legally sell its interest in America’s third-largest pay-TV provider.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapAlmost Anyone Can Become the House Speaker, Except Donald TrumpFootball’s World Cup Is Coming to North Africa for First TimeKevin McCarthy Ous
( 33
min )
BlackBerry said on Wednesday it would separate its Internet of Things (IoT) and cybersecurity business units into two separate entities. The company said the chief objective of the separation is to pursue a subsidiary initial public offering for the IoT business, targeted in the first half of the next fiscal year. BlackBerry, which transitioned to a cybersecurity and IoT software-maker, said in May that it was reviewing its business.
( 31
min )
Société Générale's Edwards said that while some economists are expecting a soft landing his "view is that a recession still lurks.”
( 35
min )
(Bloomberg) -- Losses on longer-dated Treasuries are beginning to rival some of the most notorious market meltdowns in US history.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsTech Giants Fuel End of Day Climb as Yields Slide: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsMcCarthy Ouster Means More Turmoil as Next Shutdown Fight LoomsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapBonds maturing in 10 years or m
( 32
min )
When Rhonda Naus got a job inspecting Jeep Wranglers fresh off the assembly line, her paycheck added up to roughly half of what her co-workers were making. From office workers to delivery drivers, companies have become increasingly reliant on temporary workers. Tiers for the Detroit automakers were created starting in 2007 as the UAW tried to help them out of serious financial troubles.
( 35
min )
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The best CD rates available nationwide are three 6.00% offers from Credit Human and INOVA Federal Credit Union, as well as 5.76% from TotalDirectBank.
( 21
min )
Nvidia's graphics chips have become a crucial ingredient in AI work, but someone needs to make the servers to run the chips. Enter Super Micro.
( 22
min )
Carnival has regained some of its footing after the pandemic brought the cruise industry to its knees, and is looking to further increase growth as it pays down debt. But the cruise giant is feeling the pinch from soaring fuel prices.
( 28
min )
(Bloomberg) -- The Keystone crude pipeline, a vital artery transporting Canadian oil to markets in the US and overseas, is operating at about half of its capacity after a brief disruption. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsGlobal Rout Takes a Breather as Traders Parse Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapMcCarthy Ouster Means More Turmoil
( 32
min )
Bankman-Fried joined Jane Street Capital straight out of college, and made $300,000 in his first year.
( 32
min )
Shares of electric-vehicle maker Tesla are rallying Wednesday on no official news. It's likely bearish investors trying to manage their bets against Tesla stock.
( 22
min )
Berkshire Hathaway Inc. Chairman and CEO Warren Buffett is immensely wealthy and notoriously frugal. His frugality isn't for personal gain. He has given billions to various charities and signed the Giving Pledge, affirming that over 99% of his fortune will be dedicated to philanthropic causes during his life or upon his passing. Microsoft Corp. Co-Founder Bill Gates, one of Buffett's close friends, recalls an incident in the 2017 annual letter posted on Gates Notes. During a trip to Hong Kong, t
( 34
min )
Might Musk be looking to buy back X's debt at a steep discount? It would be just the kind of swashbuckling coup he so relishes.
( 38
min )
Following the Federal Reserve's 11 interest rate hikes, many experts have expressed concerns about the impact of higher rates on the American economy. According to Bill Ackman, CEO of Pershing Square Capital Management, the economy is starting to slow. "I think the level of real interest rates is high enough to slow things down, you know, high mortgage rates, high car rates, high credit card rates, they're starting to really have an impact on the economy," he said in a recent CNBC interview. "Th
( 34
min )
President Biden is providing $9 billion in forgiveness for 125,000 borrowers as loan payments resume.
( 28
min )
Billionaire investor and 'The Bond King' Jeffrey Gundlach says economic indicators are "strongly suggestive" of a recession in the first half of next year.
( 32
min )
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Rates on 30-year mortgages have jumped two days in a row, adding almost a third of a percentage point and setting a new 23-year high in 8% territory.
( 19
min )
Citigroup has embarked on its biggest reorganization in decades, its managers are reviewing staff rosters to determine by November who will stay in place, be reassigned or laid off, according to a global memo to staff on Wednesday seen by Reuters. "Some roles will change, new roles may be created, and new roles that do not fit our new structure will be eliminated," Sara Wechter, the bank's chief human resources officer, wrote in the memo. Citi declined to comment on the global memo.
( 32
min )
Americans remain sharply divided in their preferences for soft drinks, but in the quaint town of Quincy, Florida, the taste of Coca-Cola is undisputedly favored. This preference isn’t just about flavor but has deep roots in the town’s history and its rise of “Coca-Cola millionaires.” In 1919, Coca-Cola made its debut on the public market. Those fortunate enough to purchase a share at its initial price of $40 and continuously reinvest its dividends would be looking at a value of over $10 million
( 33
min )
There’s no one way of achieving success in the stock market and different strategies can be used to attain the basic goal: seeing big returns on an investment. Talking of big returns achieved via divergent styles, then we can look at the techniques used by legendary investors such as Warren Buffett and Ken Griffin. Both have had huge success but adhere to different tactics. Buffett made his reputation by favoring value investing, seeking out equities underappreciated at the time and then watchin
( 36
min )
The index has dropped just over 8% from its intraday high of just over 4607, hit in late July.
( 22
min )
Apple downgraded, Oddity upgraded: Wall Street's top analyst calls
( 34
min )
Cook sold 511,000 shares, which were worth about $87.8 million before accounting for taxes, according to the filing dated Tuesday. The Apple chief owns about 3.3 million shares, valued at about $565 million, following the sale, the filing showed. Apple launched its new iPhone 15 lineup last month, without raising prices, a move that some industry watchers said was in response to a global smartphone slump.
( 32
min )
As student loan repayments restart in October, the Biden administration said 125,000 people with student loans will have their debt erased.
( 32
min )
Lithium Americas has split into two companies. Both are now trading on the Toronto and New York stock exchanges.
( 22
min )
Investors are either increasingly unwilling or unable to finance a dysfunctional U.S. government, and this risks pushing borrowing costs for Americans higher.
( 32
min )
Intel is preparing an initial public offering of its Programmable Solutions Group. It could be a multibillion-dollar boost for the chip maker.
( 22
min )
The auto maker hopes it will be too good for the union to refuse. Meanwhile, GM has laid off more workers.
( 22
min )
Shares in Scandinavian Airlines dropped more than 90% on Wednesday after the ailing carrier announced new shareholders in a restructuring scheme that will see the company delisted and existing ownership stakes erased. The rescue deal involving airline alliance Air France-KLM and private equity firms Castlelake and Lind Invest, which became investors alongside the Danish state, was presented late Tuesday. The deal means that SAS will receive $475 million in new equity and $700 million in convertible debt.
( 33
min )
Millions of Americans rely on Social Security benefits for all, or a portion, of their retirement income. Up to 85% of Social Security benefits are subject to federal income tax, depending on your total household income. However, Fidelity recently presented options for taxpayers to reduce how much they pay in taxes on Social Security benefits. […] The post You May Be Paying Too Much in Taxes on Your Social Security Benefits. Here's How to Lower Them appeared first on SmartReads by SmartAsset.
( 34
min )
(Bloomberg) -- Apple Inc. Chief Executive Officer Tim Cook sold stock worth about $41 million after taxes in his biggest sale in more than two years as the shares of the iPhone maker slide off recent highs.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsKevin McCarthy Ousted as US House Speaker by Republican DissidentsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broke
( 32
min )
Apple's historically high premium to other tech stocks was cited by analysts at KeyBanc as a factor behind their downgrade of the stock to Sector Weight.
( 22
min )
(Bloomberg) -- It has been the US oil industry’s biggest environmental success story in recent years. Gas flares that once lit up the night skies were shut off, curbing a wasteful practice that generated millions of tons of planet-warming emissions. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsKevin McCarthy Ousted as US House Speaker by Republican DissidentsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapWhy a US Recession Is Still Likely —
( 36
min )
Apple shares are downgraded at KeyBanc, Intel plans a spinoff of its programmable solutions business, and sales slump at Cal-Maine Foods as egg prices tumble.
( 22
min )
(Bloomberg) -- President Joe Biden is canceling an additional $9 billion in student-loan debt, his latest action to aid borrowers after the Supreme Court blocked his debt-relief plan and as payments resume for millions of Americans.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsKevin McCarthy Ousted as US House Speaker by Republican DissidentsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapWhy a US Recession Is Still Likely — and Coming SoonAir
( 31
min )
(Bloomberg) -- Australia’s richest woman has added to her stake in lithium miner Liontown Resources Ltd. for the fourth time in under a month, edging closer to a position that could block a A$6.6 billion ($4.2 billion) takeover by the world’s biggest producer of the metal.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsKevin McCarthy Ousted as US House Speaker by Republican DissidentsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapWhy a US Reces
( 33
min )
The tides finally changed after Gary Wang and Nishad Singh (both FTX directors who have since pled guilty to fraud in the ongoing trial) joined the firm.
( 31
min )
(Bloomberg) -- An accelerating selloff in US government bonds is starting to spread havoc across Asia’s financial markets, pushing up borrowing costs, spurring currency-market intervention and driving stocks toward a technical correction. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsWhy a US Recession Is Still Likely — and Coming
( 34
min )
(Bloomberg) -- The historic ouster of Republican Kevin McCarthy as Speaker of the House may add to the risk of a US sovereign credit-rating downgrade and further roil markets, according to strategists. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, I
( 33
min )
(Bloomberg) -- Oil steadied ahead of an OPEC+ review of the global crude market and a weekly update of US stockpiles.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWhy a US Recession Is Still Likely — and Coming SoonWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.West Texas Intermediate was little changed above $89
( 32
min )
LONDON (Reuters) -Oil fell on Wednesday, as Saudi Arabia's announcement to continue crude output cuts to the end of 2023 was offset by demand fears stemming from macroeconomic headwinds. Brent crude oil futures were down 58 cents, or 0.64%, to $90.34 a barrel at 0841 GMT, while U.S. West Texas Intermediate crude (WTI) fell 66 cents, or 0.74%, to $88.57 per barrel. Oil prices remain under pressure from demand fears driven by macroeconomic headwinds.
( 33
min )
De verkoop van nieuwe huizen is in het tweede kwartaal gehalveerd vergeleken met dezelfde periode een jaar eerder. Het is de grootste daling sinds statistiekbureau CBS in 2015 is begonnen met meten.
( 9
min )
De zeven grootste supermarkten houden er meer groene praatjes op na dan daadwerkelijke acties. Wel timmeren Ekoplaza, Lidl en Albert Heijn het hardst aan de weg als het gaat om duurzame en eerlijke producten.
( 10
min )
De reële loonstijging kwam in het vorige kwartaal uit op 3,4 procent. Dat is de grootste toename in tien jaar tijd, blijkt uit cijfers van statistiekbureau CBS.
( 8
min )
De wens in de Tweede Kamer om de koopkracht volgend jaar wat extra te stutten, zijn naar beneden bijgesteld. Zo stijgen het minimumloon en de daaraan gekoppelde AOW volgend jaar met 1,2 procent in plaats van de eerder voorgestelde 1,7 procent.
( 11
min )
Google heeft zijn nieuwe telefoons gepresenteerd: de Pixel 8 en de Pixel 8 Pro. De telefoons krijgen verbeterde camera's, verschillende AI-functies en updates tot 2030.
( 10
min )
Er gloort hoop voor de vorige maand failliet verklaarde veerdienst Holland Norway Lines. Curator Hans Silvius onderhandelt met twee gegadigden, die volgens hem serieuze interesse hebben in een overname.
( 8
min )
In Singapore moeten auto-eigenaren omgerekend zo'n 100.000 euro neerleggen voor alleen al een vergunning om een auto te mogen bezitten. Dat maakt het het duurste land ter wereld voor wie een auto wil kopen.
( 8
min )
Een Britse hogesnelheidslijn die Londen moet verbinden met het noorden van het land komt er niet. Premier Rishi Sunak vindt de tientallen miljarden kostende verbinding te duur en wil het geld liever gebruiken voor andere projecten.
( 9
min )
De nieuwe stickergenerator in Facebook Messenger kan uitgelokt worden tot het maken van schunnige stickers. Op het sociale netwerk X delen verschillende gebruikers van de berichtendienst creaties met bijvoorbeeld billen, borsten en wapens.
( 3
min )
De koperprijs is gedaald naar het laagste niveau sinds eind mei en staat op zo'n 8.000 dollar (ruim 7.620 euro) per ton. In Londen is hij zelfs onder die grens gedoken. Door zorgen over de hogere rente en afzwakkende economie staat de koperprijs onder druk.
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Nederlanders consumeerden in 2022 gemiddeld 75 kilo vlees en vleeswaren per persoon. Hoewel de verschillen met het jaar daarvoor klein zijn, was het verbruik niet eerder zo klein sinds het wordt gemeten. Inflatie lijkt de oorzaak.
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Een postzegel van PostNL kost vanaf 1 januari 1,09 euro. Dat is een stijging van bijna 8 procent. Volgens het bedrijf is deze verhoging nodig om de stijgende kosten te dekken.
( 3
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Nederlanders consumeerden in 2022 gemiddeld 75 kilo vlees en vleeswaren per persoon. Hoewel de verschillen met het jaar daarvoor klein zijn, was het verbruik niet eerder zo klein sinds het wordt gemeten. Inflatie lijkt de oorzaak.
( 3
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ING verhoogt op 15 oktober de rente voor particuliere spaarders naar 1,5 procent. Het gaat om de variabele spaarrente voor een spaarsaldo tot 10.000 euro. Nu krijgen de meeste klanten van de bank nog 1,25 procent rente.
( 3
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De Tweede Kamer heeft plannen om de begroting voor volgend jaar flink te verbouwen, zodat de pijn van de gestegen prijzen iets wordt verzacht. De wensen tellen op tot ruim 4 miljard euro. Maar de voorstellen rammelen, waarschuwt het demissionaire kabinet.
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In gemeenten waar de milieustraat beperkte openingstijden heeft, belandt elektrisch afval wel tien keer vaker bij het huisvuil dan elders, ziet Stichting OPEN. Vooral apparaten met verborgen batterijen, zoals lichtgevende schoenen en vapers, belanden nog te vaak in de kliko.
( 3
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Terwijl voedsel voor consumenten duurder werden in de eerste helft van 2023, zakten de prijzen van etenswaren voor voedselproducenten. In de afgelopen drie jaren is juist te zien dat producenten met grotere prijsstijgingen te maken kregen dan de consument.
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Banken verdienen steeds meer geld aan sparen en lenen. De marge die ze overhouden aan het uitlenen van spaargeld is op het hoogste niveau in meer dan vijftien jaar tijd beland. Een belangrijke oorzaak is dat spaarders te weinig op zoek zijn naar hogere rentes.
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Many investors find it beneficial to include real estate investment trusts, or REITs, in their portfolios. These companies bring a suite of advantages that can’t be overlooked. To start with, they offer a sound way to buy exposure to real property, landholdings, without actually buying real estate. REITs are also known as champion dividend payers, as they’re required to distribute up to 90% of their taxable income to shareholders – and dividends make a convenient mode of compliance. For Wedbush
( 35
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The chip maker says the unit that makes programmable chips for defense and telecommunications will eventually go public.
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The 10-year at 4.801% on Tuesday offered the highest yield since August 2007, a few months before the 2009-09 financial crisis.
( 22
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You now have more ways to earn a historically high CD rate of 6.00%, with a new 9-month option from INOVA Federal Credit Union. Credit Human also pays 6.00% for 12-17 months.
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Intel acquired the business when it bought Altera for $16.7 billion in 2015.
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McMillan would join 3M as the financial chief of its healthcare business, which the U.S. industrial conglomerate plans to spin off into a listed company. 3M expects to complete the planned spinoff, which it disclosed last year, by the end of 2023.
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Between the two of them, they worked six jobs including side gigs and full-time jobs all while networking and educating themselves on real estate.
( 34
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(Bloomberg) -- The US stock selloff is spreading panic among volatility traders at a scale unseen since the regional bank crisis in March. In perverse Wall Street logic, that’s raising hopes that the equity rout is on its last legs.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWhy a US Recession Is Still Likely — and Coming SoonStocks, Bonds Sell Off as Volatility Makes Return: Markets WrapAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.JPMor
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Chipmaker Intel said on Tuesday it plans to operate its Programmable Solutions Group as a standalone business starting January next year.
( 30
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(Bloomberg) -- Treasury Secretary Janet Yellen said a surprisingly resilient US economy has prompted investors to question what it will take to bring inflation down, but she cast doubt on whether that would force interest rates to stay elevated for a long period.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsWhy a US Recession Is St
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The Dow Jones Industrial Average and S&P 500 were down as investors shifted their money to bonds.
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After registering their biggest one-day drop in six months, 30-year mortgage rates have climbed higher, again nearing 8%. Movement was up for almost every loan type.
( 20
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(Bloomberg) -- SAS AB chose Air France-KLM and private equity firm Castlelake LP to anchor a $1.18 billion investment in the bankrupt Scandinavian flag-carrier, ending a five-month chase for new capital.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapWhy a US Recession Is Still Likely — and Coming SoonKevin McCarthy Ousted as US House Speaker by Republican DissidentsAirbnb Is Fundamentally Broken,
( 33
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Tesla is one of the most recognizable brands in the world. Not only is Tesla a leader in the electric vehicle (EV) space, but its CEO — Elon Musk — is a polarizing figure who continually finds himself in the public eye. The company started on July 1, 2003, and launched its first vehicle, the Roadster, in 2008. That was followed by the Model S in 2012, the Model X in 2015 and the Model 3 in 2017. Today, Tesla Inc. is the most valuable automaker in the world, thanks in large part to its 59% U.S. E
( 33
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The FTX founder is protesting CNA’s insurance policy as his legal woes cost him serious money.
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As Treasury yields continue climbing, the stock market seems to be taking a break. But according to CNBC's Jim Cramer, this pullback in stocks could represent an opportunity for investors. In a recent "Mad Money" segment, Cramer explained why rising Treasury yields have been causing problems for stocks. "Why own stocks when you can make north of 4.5% risk-free from the 10-year? Ten-year Treasuries are like a great dividend stock that's guaranteed not to lose money over the next decade," he said.
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Amazon shares are down 15% over the last few weeks. Bulls see a buying opportunity ahead of earnings.
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↗️ Netflix (NFLX): The streaming company's stock rose after The Wall Street Journal reported that it plans
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Shares of once-hot Vietnamese electric-vehicle maker VinFast are down about 5% Tuesday, a day after they tumbled 22% and dropped below their listing price.
VinFast now trades at about $9.30, down from a peak above $80 hit in late August after heavy withdrawals by investors in the company's SPAC dea
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In the classic tune by Kenny Rogers, ‘The Gambler,’ he sang, ‘Every hand’s a winner and every hand’s a loser…’ These words hold valuable wisdom that should resonate with every investor. Regardless of your chosen investment strategy, achieving success in the stock market ultimately hinges on mastering the art of balancing risk and reward. Few segments of the stock market offer a higher potential return for the risk involved than the penny stocks, those equities priced at $5 or less. These are sto
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A New Jersey appeals court on Tuesday threw out a $223.8 million verdict against Johnson & Johnson in a trial over four plaintiffs' claims that they developed cancer from being exposed to the company's talc powder products. The Superior Court of New Jersey Appellate Division found that a lower court judge should not have allowed some of the scientific expert testimony the plaintiffs presented to jurors in the case. (Reporting By Brendan Pierson in New York; editing by Jonathan Oatis)
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Drug maker Eli Lilly agreed to acquire radiopharmaceutical company Point Biopharma Global for $12.50 a share.
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(Bloomberg) -- The US 30-year yield rose to the highest level since 2007, deepening a bond selloff driven by expectations the Federal Reserve will keep interest rates elevated as the supply of Treasury debt grows. Shorter-term yields also reached new highs.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Key Taiwan Tech Firms Helping Huawei With China Chip PlantsJPMorgan’s Dimon Predicts 3.5-Day Work Week
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The seasonings maker's sales for the Asia-Pacific region declined 16% from last year.
( 22
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The Russian rouble has faced volatility since the Ukraine war kicked off—now there's inflation, shrinking current account surplus and more to worry about.
( 32
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An individual can protect their assets from Medicaid, including their home, by placing them into a trust. Essentially, the assets become owned by the trust and not by the individual. This mechanism can decrease the individual’s asset count for Medicaid eligibility, presenting a way to potentially conserve wealth and secure necessary medical care. However, like all […] The post Does Putting Your Home in a Trust Protect It From Medicaid? appeared first on SmartReads by SmartAsset.
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Inheritance trusts take on critical importance in wealth management, particularly for multi-generational families. The term might come across as complex but in essence, inheritance trusts involve safeguarding assets while managing their distribution efficiently. Moreover, they provide potential tax benefits that can contribute significantly towards your family’s financial security. A financial advisor well-versed in this field […] The post How to Keep Money in the Family With an Inheritance Trus
( 34
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(Bloomberg) -- Stocks fell and Treasuries resumed a retreat as investors grew increasingly worried about the long-term effects of historically high borrowing costs. Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Key Taiwan Tech Firms Helping Huawei With China Chip PlantsJPMorgan’s Dimon Predicts 3.5-Day Work Week for Next Generation Thanks to AI Severe Crash Is Coming for US Office Properties, Survey Sa
( 33
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Property deeds are not just pieces of paper – they hold the power to impact your fiscal situation considerably. Property deeds are legal documents that provide proof of ownership. When you extend ownership rights by adding someone to your property deed, there are tax implications and potential risks associated with the transaction. A financial advisor […] The post What Are the Tax Consequences of Being Added to a Deed? appeared first on SmartReads by SmartAsset.
( 34
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Technology companies lost their momentum in September. Melius Research’s Ben Reitzes is bullish on two that could shine in the final quarter of the year.
( 22
min )
Tesla quietly relaunches a rear-wheel-drive version of its popular Model Y car in the U.S. The car starts at $43,990. It's great for car buyers. Whether or not it's great for investors is tougher to say.
( 22
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BYD already beats Tesla when it comes to total sales. Now it's closing the gap on purely battery-powered cars as well.
( 33
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I am 48 years old. I made $310,000 last year and I currently have $546,000 in my retirement plan at work. My husband is on disability and doesn't work and does not have a 401(k) plan. I wanted to open a Roth IRA but I read that I make too much money. What options do […] The post Ask an Advisor: I Made $310,000 Last Year and Have $546,000 in Retirement Savings, But My Spouse Doesn’t Work. How Can I Save More? appeared first on SmartReads by SmartAsset.
( 35
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Jamie Dimon, CEO of JPMorgan Chase, says AI will allow people to work 3.5 day weeks in the future.
( 34
min )
Microsoft’s CEO Nadella on search and AI at Google trial, Birkenstock presses forward with IPO despite gloomy conditions, and other news to start your day.
( 22
min )
(Bloomberg) -- Chinese stocks listed in Hong Kong slumped as trading resumed after a holiday, hurt by a broad risk-off mood across the region and continued concern about the nation’s economic outlook.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.JPMorgan’s Dimon Predicts 3.5-Day Work Week for Next Generation Thanks to AI Severe Crash Is Coming for US Office Properties, Survey SaysBig Tech Spared as Bon
( 33
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(Reuters) -Britain's AstraZeneca has agreed to pay $425 million to settle about 11,000 lawsuits in the United States that claimed its heartburn drugs Nexium and Prilosec caused chronic kidney disease. AstraZeneca did not admit wrongdoing under the settlement, part of broader litigation against makers of a class of heartburn drugs called proton pump inhibitors (PPIs). "Today's settlements are a significant victory for the thousands of patients who suffered kidney injuries as a result of using" the drugs, the plaintiffs' attorney Chris Seeger said in a statement.
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(Bloomberg) -- BYD Co. is poised to overtake Tesla Inc. as the world’s biggest seller of electric vehicles as the Chinese automaker’s global sales push gains greater traction.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.JPMorgan’s Dimon Predicts 3.5-Day Work Week for Next Generation Thanks to AI Key Taiwan Tech Firms Helping Huawei With China Chip PlantsSevere Crash Is Coming for US Office Properties,
( 33
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Gold continued its slide on Tuesday, clocking its longest losing streak since Aug. 2022 in the last session as Federal Reserve officials underscored the likelihood interest rates will stay high, with U.S. job openings data expected later in the day. FUNDAMENTALS * Spot gold was down 0.2% at $1,824.10 per ounce by 0057 GMT, falling for a seventh consecutive session to its lowest since March 9. U.S. gold futures fell 0.4% to $1,840.50.
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You now have more ways to earn a historically high CD rate of 6.00%, with a new 9-month option from INOVA Federal Credit Union. Credit Human also pays 6.00% for 12-17 months.
( 19
min )
The house voted 216-210 to push McCarthy out of the role he's held for the past nine months after members of his own party took issue with how he handled the budget standoff last week.
( 17
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Krispy Kreme said it wants to sell its majority stake in Insomnia Cookies so it can focus on its main business of making and selling doughnuts.
( 17
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The S&P 500 fell 1.4% on Tuesday, Oct. 3, after a Labor Department report showed higher-than-expected job openings and bond yields increased.
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It’s now up to the nine justices of the Supreme Court to decide whether the government’s consumer watchdog agency continues to exist.
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WeWork shares fell to an all-time low Tuesday after the company said it wouldn't make interest payments due on $95 million in debt.
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The harmonized sales tax is a hybrid of the Canadian goods and services tax and provincial sales tax applied to goods and services.
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As buying a home becomes more unaffordable, people could turn to unexpected savings options like multi-family homes and robo-advisors.
( 17
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After a rough first half of 2023 amid the regional banking crisis, Zions Bancorp (ZION) topped the list of S&P 500 returns in the third quarter, with shares up 30% since the start of July.
( 19
min )
Tech giant Apple will now request app providers in its China App Store to prove they have a government listing, as Beijing tightens oversight.
( 17
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The Trilemma theory posits that countries have three options for managing international monetary policy, but only one is achievable at a given time.
( 22
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PNC Bank on Tuesday took on $16.6 billion in capital commitments, mostly loans, held by Signature Bridge Bank, a bridge bank set up by federal regulators in March after the collapse of its namesake bank.
( 18
min )
After registering their biggest one-day drop in six months, 30-year mortgage rates have climbed higher, again nearing 8%. Movement was up for almost every loan type.
( 19
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These companies have very little or no debt, which may be seen as a positive in today's economic environment.
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TMRW Sports, founded by Tiger Woods and Rory McIlroy, and financial services company SoFi announced a partnership for a team golf league called TGL.
( 17
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Estimates vary, but some put the U.S. underground economy between 6.4% and 12% of GDP.
( 23
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Meta Platforms could soon roll out new ad-free subscription plans for Facebook and Instagram users in Europe as the tech giant works to avoid significant fines over privacy law violations.
( 17
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Stock markets sank at midday as bond yields continued their climb and a report on August job openings showed the number of positions available exceeded estimates.
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Learn more about Investopedia's Financial Review Board, who’s on it, and how articles on Investopedia are reviewed.
( 26
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McCormick & Company shares fell to their lowest level since the start of the COVID-19 pandemic on slower Asia-Pacific region sales.
( 17
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Roughly 13.9% of the population over 15 regularly provided unpaid care for someone 65 or older in 2021 and 2022—work that is roughly equivalent in value to the entire motor vehicle and parts industry’s gross domestic product.
( 18
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Despite the economy slowing and facing the risk of recession, employers still want workers and plenty of them.
( 17
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Entering its 18th day, the work stoppage is affecting operations across four Midwestern plants for the automakers, leading to the furlough of factory workers..
( 18
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POINT Biopharma Global shares skyrocketed after Eli Lilly agreed to buy the radiopharmaceutical firm for $1.4 billion to expand its cancer-fighting treatments.
( 17
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Personal loan rates edged up to 20.96% this week, adding 4 basis points since last week when the average personal loan rate stood at 20.92%.
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Achieving equilibrium of prices in a single or multi-market setting involves a bidding process informed precisely by demand.
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De Scandinavische luchtvaartmaatschappij SAS komt deels in handen van Air France-KLM. Ook de Deense staat en twee investeringsmaatschappijen nemen een aandeel in de luchtvaartmaatschappij, maken de bedrijven dinsdag bekend.
( 3
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Kelderende koersen, verdwenen miljarden en miljoenen gedupeerden. De ondergang van handelsplatform FTX vorig jaar zorgde voor een schok in cryptoland. De rechtszaak tegen oprichter en eigenaar Sam Bankman-Fried gaat vandaag van start.
( 4
min )
Scheepsbouwer Damen eist compensatie van de Nederlandse overheid voor de financiële schade als gevolg van de sancties tegen Rusland. Het concern heeft een rechtszaak aangespannen, bevestigt Damen na berichtgeving van persbureau Bloomberg.
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ING mag de rekening van Stichting Najiba niet opzeggen vanwege witwasregels, heeft de voorzieningenrechter in Amsterdam dinsdag besloten. De stichting was de afgelopen tijd bezig met het inzamelen van geld voor de slachtoffers van de aardbeving in Marokko.
( 4
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Turken waren in september ruim 61 procent meer kwijt aan hun boodschappen en diensten dan een jaar eerder. Daarmee is de inflatie in Turkije verder opgelopen.
( 3
min )
De Nederlandse belastingadviseur Frank B. is zondag door de Italiaanse politie uitgeleverd aan de Verenigde Staten en op een vliegtuig naar New York gezet.
( 3
min )
De overheid gaat kinderopvangorganisaties compenseren voor de twee jaar dat zij hun elektrische bolderkarren van Stint niet mochten gebruiken.
( 3
min )
Bij Geldmaat-automaten kun je vanaf vandaag geld opnemen zonder dat je een bankpas in de gleuf hoeft te steken. Dit contactloos pinnen kan ook met een mobiele telefoon of smartwatch.
( 4
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Europeanen moeten mogelijk maandelijks 10 euro gaan betalen voor een advertentieloze versie van Facebook. Daar denkt moederbedrijf Meta over na, schrijft The Wall Street Journal. Het bedrijf zou de plannen aan Europese toezichthouders hebben voorgelegd.
( 3
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Voor het eerst krijgt een onderneming een boete voor het laten slingeren van afval in de ruimte. Communicatiebedrijf DISH heeft die bedenkelijke eer en moet 150.000 dollar betalen voor het niet opruimen van een satelliet.
( 4
min )
Ambtenaren van de Belastingdienst maakten in een weekend in 2013 de overhaaste beslissing om het risicomodel dat tot de toeslagenaffaire leidde, in te voeren. Het zogenoemde risicoclassificatiemodel was daardoor onvoldoende getest. Dat blijkt uit verhoren door de parlementaire enquêtecommissie.
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Het aantal horecazaken dat in de eerste jaarhelft de deuren heeft gesloten, was groter dan de afgelopen vijf jaren. Meer dan vierduizend ondernemers gooiden het bijltje erbij neer, blijkt uit cijfers van de Kamer van Koophandel (KVK). Ook het aantal faillissementen stijgt hard.
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Do you love dividends? Of course you do — and rightly so! In a recent study conducted by Mike Wilson, the Chief Investment Officer at Morgan Stanley, the analysis focused on the performance of dividend-paying stocks compared to non-dividend-paying stocks since the year 2000. The historical data underscores a compelling trend: dividend-paying stocks consistently outperform non-dividend stocks over the medium to long term. That outperformance has even been more pronounced in times of uncertainty a
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The Chapter 11 filing of the ILWU dockworkers union dates back to a dispute over two electrician jobs in Oregon a decade ago. The post How a fight over 2 jobs bankrupted union of 40,000 dockworkers appeared first on FreightWaves.
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Today's best CD rates are 6.00% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
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Monday was the first trading day under a new structure that splits the core North American cereal business away from snack brands such as Pringles.
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Analysts see a chance that the highflying stock could suffer the same fate as Cisco Systems, which has yet to regain the peak it hit in 2000.
( 22
min )
Boeing stock dropped 14% in September. J.P. Morgan analyst Seth Seifman has a Buy on the stock and says its drop has made it more attractive.
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Kellogg divided into two separate, publicly traded companies, and shares of both fell in their first day of trading after the separation.
( 17
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A U.S. Patent Office tribunal on Monday rejected challenges to two key patents owned by Novo Nordisk covering the active ingredient in its weight-loss and diabetes drugs Wegovy and Ozempic brought by a generic drugmaker that is hoping to sell generic versions of the blockbuster medications. The office's Patent Trial and Appeal Board denied the requests by Mylan Pharmaceuticals, which is owned by Viatris, to review the validity of the Wegovy and Ozempic patents.
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Unless Congress takes action, the lifetime estate and gift tax exemption will decrease significantly at the end of 2025. Donor-advisor funds, charitable remainder trusts, and SLATs can help reduce the impact.
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Snap, crackle... drop.
Shares of Kellanova, the Rice Krispies Treats company, fell Monday, finishing their first day of trading down about 6%. Shares of WK Kellogg, the Rice Krispies cereal company, fell 9%.
The companies are the result of the separation of Kellogg into two companies—WK Kellogg us
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min )
(Bloomberg) -- Microsoft Corp. was willing to hide its search engine’s “Bing” brand on Apple Inc. devices in order to secure an agreement with the iPhone maker and unseat Google, Chief Executive Officer Satya Nadella testified Monday.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Severe Crash Is Coming for US Office Properties, Investors SayBond Selloff Batters Stocks, But Spares Big Tech: Markets WrapJ
( 33
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Boeing stock dropped 14% in September. J.P. Morgan analyst Seth Seifman has a Buy on the stock and says its drop has made it more attractive.
( 22
min )
Shares of utility NextEra Energy are heading for their largest one-day drop since the start of the pandemic as worries about higher interest rates continue to batter clean-energy stocks.
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Earn up to 6.25% with one of these "cream of the crop" CDs, including a 6.00% option anyone in the country can open for a take-your-pick term of 12 to 17 months.
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At age 99, Berkshire Hathaway Inc. Vice Chairman Charlie Munger has lived through significant events in history and witnessed numerous economic cycles. Despite his vast experience and candid nature, it's his perspective on optimism that stands out. Known for his sharp wit and incisive one-liners, Munger quips, "If I can be optimistic when I'm nearly dead, surely the rest of you can handle a little inflation." Trending: Until 2016 it was illegal for retail investors to invest in high-growth start
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When the stock market was soaring, dividends of a few percent probably didn't seem like much. But in 2022 — when the benchmark S&P 500 tumbled nearly 20% — many investors learned the hard way that stocks don't always go up. In the unpredictable stock market, investors may find solace in the steady rhythm of dividends. With the right dividend stocks, investors can bypass the stress and uncertainty associated with attempting to time the market, all while benefiting from a passive income stream. Bu
( 33
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Steve Burns cashed out more than $60 million in stock in Lordstown Motors. Now he is buying its assets out of bankruptcy for $10 million. The post Lordstown Motors founder buys company assets out of bankruptcy appeared first on FreightWaves.
( 33
min )
NVIDIA Corp. is one of the biggest names and most influential companies in artificial intelligence (AI), but many people have no idea what it does. They're more familiar with companies like OpenAI, Anthropic PBC and Multiverse. If you're wondering where NVIDIA fits into the AI landscape, take a look at a passage from the company's website: The recent breakthroughs in generative AI bring a new level of versatility and insights to the enterprise. Now, the world's most advanced AI platform — NVIDIA
( 33
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The veteran market watcher wasn’t surprised by the market falling in August and September, in fact, he called it.
( 33
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Several of Bankman-Fried’s former colleagues and friends will testify against the one-time crypto mogul following plea deals they struck with the U.S. Department of Justice, including his former romantic partner Caroline Ellison and childhood friend Gary Wang, who were both deeply involved in the daily workings of both FTX and its quant-driven trading shop, Alameda Research. Another two individuals, who prosecutors have yet to publicly name, may testify if granted immunity, suggesting they may a
( 36
min )
The cannabis company Tilray expanded its position in the craft brew industry, completing the acquisition of eight beer brands from Anheuser-Busch that it had announced over the summer. Included in the deal are well known labels like Shock Top, Breckenridge Brewery, Blue Point Brewing Company, 10 Barrel Brewing Company, Redhook Brewery, Widmer Brothers Brewing, Square Mile Cider Company, and HiBall Energy.
( 33
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The U.S. Supreme Court on Monday declined to hear a bid by Sony Music, Warner Music and other music publishers to hold the owner of Wolfgang's Vault directly liable for copyright infringement for recordings by rock greats such as the Rolling Stones and the Who posted on the online concert archive. The justices turned away an appeal by the music publishers of a lower court's decision that spared Bill Sagan, Wolfgang's Vault owner, of direct liability for copyright infringement.
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Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in the next two weeks given retreating stock markets, a UBS note seen by Reuters shows. The bank anticipates as much as $30 billion of outflows will soon hit markets, potentially exacerbating the downward move in shares, as these hedge funds start selling stock to follow the recent negative performance. This will be the first time these hedge funds will be net short equity markets since November 2022, the bank said.
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(Bloomberg) -- Dental aligner company SmileDirectClub Inc. will spend about two months looking for a rescuer and will liquidate if no buyer emerges, according to court papers. Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Severe Crash Is Coming for US Office Properties, Investors SayOnce Unthinkable Bond Yields Now the New Normal for MarketsStocks Lose Footing as Treasury Yields Surge: Markets WrapThe
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A day after surging into historic 8% territory, 30-year mortgage rates have plunged, registering their biggest one-day drop in more than 6 months.
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(Bloomberg) -- Federal Reserve Governor Michelle Bowman again said that multiple interest-rate hikes may be required to get inflation down to the central bank’s goal even after data for August showed some of the slowest price increases since 2020.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonSevere Crash Is Coming for US Office Properties, Investors SayAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Once Unthinkable Bond Yields Now the New Normal fo
( 32
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The bulls took hold of the stock market narrative at the start of the year, and charged ahead all the way into mid-summer, but since then the bears have been rather noisy. On the back of rising oil prices, fears of interest rates staying high for longer than hoped for, and the possible prospect of a recession still looming, the markets have been shaky and have been handing back prior gains. However, against a backdrop of a ‘Goldilocks economy,’ i.e., “not too hot, not too cold… just right,” bill
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Rivian upgraded, SolarEdge downgraded: Wall Street's top analyst calls
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Tesla has released its third quarter production and delivery figures, which suffered due to downtime in its Austin and Shanghai factories.
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What you need to know about adding bonds to your portfolio as Treasury yields hover at 5%
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Evercore ISI analyst Chris McNally upgraded electric-truck maker Rivian to Buy from Hold. Deliveries were strong, too. Profit-takers may be at work.
( 22
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The chip maker's stock has almost tripled in value this year but has moved sideways in recent months. Citi analysts say the shares could receive a new push in the first half of 2024.
( 22
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For the first time in more than a year, the automaker’s global deliveries to customers fell quarter-over-quarter by 6.7%.
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Shares of Tesla are down in morning trading after Elon Musk's electric-vehicle company said global deliveries to customers fell quarter-over-quarter for the first time in more than a year.
The slowing sales momentum during the third quarter came as Tesla took production offline for factory upgrades
( 22
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Citi initiated coverage of Zions Bancorp and other regional banks, arguing that much of the sector’s bad news is already baked into their stock prices.
( 22
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The bank has updated its Focus List, the compilation of its analysts' top ideas. These three shares could help a portfolio rebound.
( 22
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Tesla missed market estimates for third-quarter deliveries on Monday as the automaker was forced to curb production due to planned factory shutdowns, sending its shares down 3.7% in trading before the bell. The electric-vehicle maker handed over 435,059 vehicles in the three months to Sept. down nearly 7% from the preceding quarter.
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The move comes weeks after Digital World investors voted to give up to a one-year extension to complete the much-delayed deal. The blank-check firm amended the merger agreement on Sept. 29, according to the filing, which also disclosed that Digital World can terminate the agreement only in that three-week period in November. "The Third Amendment extends the period of time for the parties to complete mutual supplemental due diligence ahead of DWAC's anticipated filing of an updated registration statement on Form S-4 with the Securities and Exchange Commission," the companies said in a release dated Sept. 29.
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Nvidia has almost tripled in value this year but the stock has moved sideways in recent months. Citi analysts say the shares could receive a new push in the first half of 2024.
( 22
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Wall Street was set to open lower on Monday as the 10-year Treasury yield regained 2007 highs, while investors awaited comments from Federal Reserve Chair Jerome Powell and more data this week to gauge the central bank's interest-rate path. Powell and Philadelphia Fed President Patrick Hasker will speak at a roundtable discussion, due 11 a.m. ET, with local employers and small business owners on efforts to grow the economy. Yield on the 10-year Treasury note edged higher on Monday at 4.6371%, touching 16-year highs again, while the yield on the 2-year note, which best reflects interest rate expectations, remained above 5%.
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Evercore ISI analyst Chris McNally now rates the electric-truck maker at Buy, rather than at Hold. His price target is $35 a share, up from $30.
( 22
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Energy Transfer, L.P. (ET) shares are cruising, up 18% in 2023. Constant demand for the stock is powering the surge.
( 32
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Where do the alleged crimes of Sam Bankman-Fried stack up against history's biggest fraudsters?
( 34
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Retiring at age 62 and filing for Social Security will reduce a person’s lifetime benefits by up to 30% compared to waiting until their full retirement age. However, a person with $2.5 million in a Roth IRA may feel more comfortable retiring at age 62, despite the impact that early retirement will have on their […] The post I Have $2.5 Million in a Roth IRA and Will Receive $2,500 Monthly From Social Security. Can I Retire at 62? appeared first on SmartReads by SmartAsset.
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↗️ Tesla (TSLA): The car maker is expected to report third-quarter vehicle sales Monday. A lack of news about Tesla starting deliveries of the Cybertruck has [raised more questions](https://www.wsj.com/business/autos/for-teslas-cybertruck-another-sa
( 22
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After a splashy debut, the EV maker has struggled to keep production up and costs down—and has been losing $33,000 for every vehicle sold.
( 22
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Cooler Screens, which sells advertising space on refrigerator door screens, is suing Walgreens for reneging on a contract to bring the technology to 2,500 stores.
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Well, that was fun. So, what's next?
Stocks fell in September, finishing out a downbeat quarter on a neg
( 22
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The bank has updated its Focus List, the compilation of its analysts' top ideas. These three shares could help a portfolio rebound.
( 22
min )
Michael Lewis revealed management failings at crypto exchange FTX, and a billion-dollar plan to keep Trump out of office in an interview with CBS.
( 31
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Tesla is expected to report third-quarter deliveries on Monday, Chinese electric-vehicle makers NIO, XPeng, and Li Auto report sold deliveries for September, and AMC stock gets a boost from a report that says the Beyonce Renaissance World Tour concert film will be distributed through AMC theaters.
( 22
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(Bloomberg) -- US technology stocks may be about to turn a corner after the Nasdaq 100’s biggest monthly decline this year, according to strategists at Goldman Sachs Group Inc. Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineAging Trees Show a Crisis Looms for the World’s Everything OilMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerThe
( 33
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Last week the company attained regulatory approval in Bermuda and registered with Spains central bank.
( 32
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(Bloomberg) -- The luxury apartments at One Blackfriars are billed as some of London’s most prized properties, with sweeping views of the city’s major attractions from the banks of the River Thames.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerSevere Crash Is Coming for US Office Propert
( 32
min )
The NLRB’s proposed joint-employer rule threatens to hold big brands accountable for work conditions at their franchise locations.
( 22
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High-quality names Apple, Amazon, Starbucks, Netflix, and JPMorgan are all in the discount bin after a brutal September. Here's why it's time to buy.
( 22
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Here is your Pro Recap of 5 head-turning deal dispatches you may have missed last week: deals at Chicos/Sycamore Partners, Blue Apron/Wonder, Carlyle in talks to acquire a majority stake in Medtronic units, Bain Capital considering a takeover of CCC Intelligent Solutions, and John Malone's Liberty Media considering merging its stake in SiriusXM with the rest of the radio company. Chico's FAS (NYSE:CHS) shares soared by over 63% on Thursday following the company's announcement of its agreement to be acquired by Sycamore Partners for a total of $1 billion ($7.60 per share in cash), as reported in real-time on InvestingPro.
( 34
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The Singapore arm of cryptocurrency exchange Coinbase said on Monday that it had obtained a Major Payment Institution (MPI) licence from the city-state's central bank. The licence, granted by the Monetary Authority of Singapore (MAS), will allow the largest U.S. crypto exchange to offer digital payment token services to individuals and institutions in Singapore.
( 31
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Citi initiated coverage of Zions Bancorp and other regional banks, arguing that much of the sector’s bad news is already baked into their stock prices.
( 22
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(Bloomberg) -- Bitcoin climbed to a six-week high as inflows picked up at the start of October, a month that has typically seen gains in the token. Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerSenate Voting on Bill to Avert US Government ShutdownSmaller peers including Ether, Litecoin a
( 31
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Gold extended losses on Monday for the sixth consecutive session to hit a near seven-month low, as the dollar stayed strong, with traders digesting a key U.S. inflation report as they positioned for a slew of job market data due this week. Spot gold was down 0.3% to $1,843.67 per ounce by 0325 GMT, its lowest level since March 10. "The data out of the U.S. is getting softer and the U.S. Federal Reserve's squeeze is starting to show up in more and more places," said Ilya Spivak, head of global macro at Tastylive.
( 32
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Evergrande has been working to get creditors' approval to restructure its offshore debt but the process grew more complicated last week when the company said it could not issue new debt due to an investigation into its main China unit. Reuters reported last week that a group of offshore creditors was planning to join a court petition to liquidate the developer if it did not submit a new debt restructuring plan by the end of October. Evergrande did not immediately respond to a Reuters request for comment during week-long National Day holidays.
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Concerts, trips and designer handbags are taking priority over saving for a home or rainy day.
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(Bloomberg) -- Lithium prices are spiraling down toward the lowest level in two years on concerns over the strength of Chinese demand for the material, a key ingredient in electric vehicle batteries.Most Read from BloombergOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerSenate Voting on Bill to Avert US Government ShutdownWhy a US Recession Is Still Likely — and C
( 32
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(Bloomberg) -- Treasuries began the week on the back foot after a US government shutdown was averted, eliminating a point of uncertainty for traders and returning their focus to the path ahead for interest rates.Most Read from BloombergOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerSenate Voting on Bill to Avert US Government ShutdownWhy a US Recession Is Still L
( 32
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(Bloomberg) -- Asian equities look poised for a weak open as investors contend with the prospect of global interest rates staying at their highest levels in decades.Most Read from BloombergOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerSenate Voting on Bill to Avert US Government ShutdownEurope’s Richest Royal Family Builds $300 Billion Finance EmpireFutures for
( 32
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(Bloomberg) -- Office prices in the US are due for a crash, and the commercial real estate market faces at least another nine months of declines, according to Bloomberg’s latest Markets Live Pulse survey.Most Read from BloombergOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerSenate Voting on Bill to Avert US Government ShutdownMarket Stress Rises Over Wild Week Ah
( 33
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Investopedia's latest investor sentiment survey shows that nearly one third of respondents say they are investing less lately due to recent market turbulence. Spiking bond yields, a rise in oil prices, lingering inflation and political uncertainty are driving them to seek shelter in the bank and avoid stocks.
( 19
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Monthly tracking report for credit card interest rates from Investopedia's database of more than 300 cards showed an increase of an eighth of a point in the overall median available rate. These are the current rates as of October 2023.
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The S&P 500 rose just 0.01% on Oct. 2, 2023, with shares of Discover Financial Services leading gains after reaching a consent agreement with the FDIC.
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Today's best CD rates are 6.00% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
( 19
min )
Kellogg divided into two separate, publicly traded companies, and shares of both fell in their first day of trading after the split.
( 17
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You don’t need your parents to get a student loan. Learn about private and federal student loans to see which loans you may be eligible for.
( 23
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A new study from the Pew Research Center provides evidence that the American middle class is losing ground financially.
( 24
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Ether futures exchange-traded funds (ETFs) saw a decline in value and limited volume activity on debut Monday, though more such products are in the pipeline.
( 18
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Discover shares surged after reaching a consent agreement with the FDIC over consumer compliance issues at the company's banking unit.
( 17
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SolarEdge, Insulet, and Dollar General returned the biggest losses of all stocks in the S&P 500 during the third quarter of 2023.
( 19
min )
Elinor Ostrom was a political scientist whose work on resource management made her the first woman to win the Nobel Prize in Economic Sciences.
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Mega-cap tech stocks could get a boost in the fourth quarter as Treasury yields pull back, analysts at Goldman Sachs wrote in a research note.
( 17
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Earn up to 6.25% with one of these "cream of the crop" CDs, including a 6.00% option anyone in the country can open for a take-your-pick term of 12 to 17 months.
( 18
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Craig Gillespie's funny and fast-paced Dumb Money is based on the real-life story of amateur trader Keith Gill, who goes all in on GameStop shares while convincing thousands of others to do the same through his YouTube channel, Roaring Kitty. At his peak, Gill's investment in GameStop was worth $48 million.
( 19
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Financing grad school can be a daunting task. Learn about the different options to help pay for your graduate degree, including scholarships, grants, and loans.
( 23
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Chinese electric vehicle (EV) sales surged in September, underscoring a booming market that has held steady despite the country's recent economic woes.
( 18
min )
The World Bank slashed its outlook for 2024 gross domestic product growth for developing economies in East Asia and the Pacific as China's economy slows.
( 17
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"Initial claims" refers to a report that measures the number of jobless claims filed by individuals seeking to receive unemployment benefits.
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Many indexes and indicators are created by the Office of National Statistics. Here's an explainer of the top economic indicators for the United Kingdom.
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The marginal propensity to invest (MPI) is the proportion of an additional increment of income that is spent on investment.
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Theodore W. Schultz was an agricultural economist who won the Nobel Prize in Economics in 1979 for his research in development economics.
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H.R. 5860 keeps the government open until Nov. 17 by providing fiscal 2023 appropriations to federal agencies and extending several expiring authorizations. The 45-day funding extension gives lawmakers time to pass a budget omnibus bill.
( 19
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ASML is the only company in the world that currently produces extreme ultraviolet (EUV) lithography machines, which are used to produce cutting-edge microchips. It also builds other types of machines, refurbishes existing machines, and designs software, and has a robust training and customer service support program.
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Starting a business with no money can be challenging, but it's not impossible if you know how to get creative with finding ways to finance it.
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U.S. equities began October mixed at midday on Oct. 2, 2023, as Congress avoided a government shutdown but bond yields rose amid concerns about more Fed rate hikes.
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Of the 10 biggest Latin American banks, five are in Brazil, three are in Mexico, and two are in Chile.
( 27
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Coinbase Global shares gained after the largest U.S. cryptocurrency exchange received a Major Payment Institution license from the Monetary Authority of Singapore, helping to expand its international reach.
( 17
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The United Auto Workers union reached a last-minute deal with Volvo-owned Mack Trucks, averting a strike.
( 16
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With an impending increase in US interest rates and lower, even negative rates, elsewhere in Europe and Japan, we assess the impact on private equity.
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Get a piece of Warren Buffett's profit by building a portfolio that mimics Berkshire Hathaway's. See his investments using SEC Form 13F and coattail his picks.
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Christopher P. Gardner, the self-proclaimed CEO of Happyness, describes his journey from the depths of despair as a single, homeless father, to finding his path as a stock broker, investment manager, best-selling author, philanthropist and dream-manifestor.
( 15
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A day after surging into historic 8% territory, 30-year mortgage rates have plunged, registering their biggest one-day drop in more than 6 months.
( 19
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Tesla has released its third quarter production and delivery figures, which suffered due to downtime in its Austin and Shanghai factories.
( 17
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Investopedia’s 2023 Robo-Advisor Consumer Survey revealed that almost half of investors believe a robo-advisor is a great way to save and invest money to buy a home.
( 21
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China Investment Corporation is the sovereign wealth fund of China that invests in public and private assets to diversify foreign exchange holdings.
( 22
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The totalitarian economy of North Korea is very secretive.
( 24
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Real estate agents, brokers, and Realtors are often considered the same. In reality, these positions have somewhat different responsibilities.
( 26
min )
Nederlandse zeehavens losten twee keer zoveel gas uit de Verenigde Staten in 2022 dan een jaar eerder. De aanvoer van aardolie en aardolieproducten uit Rusland nam juist af.
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min )
Het lijkt erop dat er inderdaad minder blikjes bij het zwerfafval belanden sinds deze sinds 1 april kunnen worden ingeleverd voor statiegeld. Een eerste meting laat een daling van een derde zien.
( 3
min )
Het sandalenmerk Birkenstock gaat de beurs op met ongeveer 32,2 miljoen aandelen voor een uitgifteprijs tussen de 44 en 49 dollar, maakt het bedrijf bekend. Dat kan Birkenstock tot wel 1,6 miljard dollar opleveren.
( 3
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Het sandalenmerk Birkenstock gaat de beurs op met ongeveer 32,2 miljoen aandelen voor een uitgifteprijs tussen de 44 en 49 dollar, maakt het bedrijf bekend. Dat kan Birkenstock tot wel 1,6 miljard dollar opleveren.
( 3
min )
De fabrikant van het populaire speelgoed Playmobil schrapt wereldwijd bijna zevenhonderd banen. Volgens het Duitse bedrijf, Horst Brandstätter Group, is de ontslagronde nodig omdat consumenten minder geld uitgeven.
( 3
min )
Naast bellen met de belastingtelefoon of fysiek afspreken op een belastingkantoor kun je voortaan ook videobellen met een belastingmedewerker. Sinds maandag kunnen afspraken voor videogesprekken gemaakt worden via de belastingtelefoon en de website van de fiscus.
( 3
min )
De verkoop van nieuwe personenauto's in Nederland is ook in september fors gestegen. Het gaat om een toename van bijna 17 procent ten opzichte van een jaar eerder.
( 3
min )
De Autoriteit Consument & Markt (ACM) heeft het bezwaar van Apple tegen een boete van 50 miljoen euro afgewezen. De iPhone-fabrikant stapt nu naar de rechter in een poging om alsnog onder de straf uit te komen.
( 4
min )
De Tegemoetkoming Energiekosten (TEK) kan vandaag voor het laatst worden aangevraagd. Veel ondernemingen die grote hoeveelheden gas en elektriciteit verbruiken, vragen nog snel een tegemoetkoming aan. Vorige week kwamen er acht keer meer aanvragen binnen dan in eerdere weken.
( 3
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Veel banken en andere geldverstrekkers hebben hun hypotheekrentes afgelopen week opgeschroefd. Daardoor staan veel rentes op het tot nu toe hoogste punt van het jaar.
( 4
min )
Autofabrikanten staan in de rij voor 'groen staal'. Het probleem is dat het meeste staal nog steeds wordt gesmeed met behulp van fossiele brandstoffen.
( 4
min )
Het aandeel Ajax verloor maandag 0,5 procent bij de opening van de beurs. Beleggers verwerken de jaarcijfers van de voetbalclub die vlak voor het weekend zijn gepubliceerd.
( 3
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Bedrijven die jarenlang in bestelbusjes met sjoemelsoftware hebben rondgereden, eisen nu een schadevergoeding van autofabrikanten. Transport en Logistiek Nederland (TLN) gaat de ondernemingen daarbij helpen.
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De Nederlandse industrie zit in de problemen. Het aantal orders loopt al geruime tijd terug, zowel in eigen land als vanuit het buitenland. Sommige bedrijven zetten daarom het mes in het personeelsbestand.
( 3
min )
Bedrijven die hun producten nog niet helemaal duurzaam verpakken, krijgen vanaf volgend jaar toch korting op de inzameling en recycling van niet volledig duurzaam plastic.
( 3
min )
Het caravan- en camperbezit onder jongeren is de afgelopen jaren fors gestegen. Tussen 1 januari 2020 en 1 september 2023 steeg het bezit onder Nederlanders tot en met 25 jaar met liefst 53 procent.
( 3
min )
De premie voor de autoverzekering is de afgelopen twee jaar veel harder gestegen bij jongeren tussen 18 en 24 jaar dan bij andere automobilisten. Jongeren waren al duurder uit, maar het prijsverschil tussen hen en 25-plussers loopt verder op.
( 5
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The labor union for West Coast dockworkers filed for bankruptcy to fend off a judgment holding it liable for what a federal jury found to be illegal slowdowns and work stoppages at the Port of Portland in Oregon.
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Dividend investing has always been popular, and for good reason. Dividend stocks offer a wide range of advantages for return-minded investors, but two of the most significant are a reliable income stream and an inflation-beating yield. Taken together, these advantages can form the base of a truly sound portfolio. The majority of dividend stocks pay out on a quarterly basis, but turning towards those with a monthly payment schedule allows investors to better plan their income streams to meet thei
( 35
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Drugmaker Viatris said on Sunday that it has entered into agreements to divest its businesses, including the Women's Healthcare business and its Active Pharmaceutical Ingredients (API) business. It also received an offer for the divestiture of its Over-the-Counter (OTC) business. Viatris will divest its API business in India to an Indian pharmaceutical company, Iquest Enterprises, the company said.
( 32
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The former boss of BP Bernard Looney is facing fresh allegations after the oil company’s 60,000 pensioners accused him of slashing their retirement pots.
( 33
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An early burst of positive sentiment - or relief - after the U.S. Congress agreed a last-minute deal to prevent a partial federal government shutdown could give Asian markets a boost at the open on Monday. But Chinese purchasing managers index data over the weekend, which pointed to mixed levels of services and manufacturing activity last month, may put a dampener on that.
( 32
min )
Walmart is updating job titles and pay structure for corporate staff roles as part of a review of its compensation structures and job descriptions across the company.
( 33
min )
(Bloomberg) -- An against-the-odds deal to avert a US shutdown is soothing nerves across Wall Street after a week of interest rate-spurred market disruptions. Most Read from BloombergOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineSenate Voting on Bill to Avert US Government ShutdownMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerEurope’s Richest Royal Family Builds $300 Billion Finance EmpireWhile money manage
( 33
min )
Companies like JPMorgan, Amazon, and Goldman Sachs monitor compliance with return-to-office mandates by keeping electronic tabs on workers.
( 34
min )
(Bloomberg) -- Billionaire Bill Ackman would be interested in pursuing a deal with Elon Musk-owned X Corp. as part of a new investment vehicle, the Wall Street Journal reported.Most Read from BloombergOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineSenate Voting on Bill to Avert US Government ShutdownMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerEurope’s Richest Royal Family Builds $300 Billion Finance Empire
( 32
min )
Sam Bankman-Fried cannot blame FTX's lawyers for its collapse or operations in his opening statements, though he can still try and make a so-called "advice-of-counsel" defense later, the federal judge overseeing his case ruled Sunday.
( 31
min )
The union has listed its assets and liabilities in the range of $1 million to $10 million, according to the Sept. 30 filing made in a San Francisco court. "While we have attempted numerous times to resolve the decade-long litigation with ICTSI Oregon, at this point, the Union can no longer afford to defend against ICTSI's scorched-earth litigation tactic", said ILWU International President Willie Adams.
( 31
min )
Wall Street projects that Tesla delivered about 455,000 units in the third quarter. Estimates are wide-ranging though. The number could come in anywhere from 440,000 to 485,000 units.
( 22
min )
Just when it looked like West Coast port labor drama had dissipated, the ILWU has filed for bankruptcy protection. The post ILWU dockworkers union files for Chapter 11 bankruptcy protection appeared first on FreightWaves.
( 32
min )
A court filing from Saturday offers further details on the Department of Justice's case against the disgraced FTX founder.
( 32
min )
Tax-free municipal bonds are not just a source of investment but also a significant contributor to public projects such as roads, schools and hospitals. These debt instruments are issued by local or state governments, attracting investors for their provide tax-advantaged income. The interest earned from these bonds is typically exempt from federal taxes and, potentially, […] The post What Are Tax-Free Municipal Bonds and Should You Invest? appeared first on SmartReads by SmartAsset.
( 34
min )
Combined deliveries for NIO, XPeng, and Li Auto came in at almost 67,000 vehicles for September, the second-best month ever.
( 22
min )
Understanding the ins and outs of 401(k) and IRA rollovers isn’t a walk in the park. The maze of tax implications surrounding these rollovers might seem intimidating to many. However, deciphering the process of reporting these rollovers on your taxes is critical to maintaining the tax-deferred status of your retirement savings and steering clear of […] The post How to Report 401(k) and IRA Rollovers on Your Taxes appeared first on SmartReads by SmartAsset.
( 34
min )
Federal student loan borrowers will need to start making payments again this month after a three-year-plus pause due to the pandemic. It's likely that most borrowers have received their bill already but if you have not, visit your loan servicer account. If you have student loans and haven't made a payment in the last three years, don't panic.
( 33
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Top NASDAQ ETFS for Q4 2023 include QQQ, QTEC, and PNQI
( 19
min )
Managers are worrying about the wrong thing when it comes to Gen Z's skill development.
( 32
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(Bloomberg) -- Investors have shown few signs of panic during a stock market slump that’s pushed the S&P 500 Index into its first losing quarter in a year. But beneath the surface, signs of stress are emerging that go far beyond the just averted US government shutdown. Most Read from BloombergSenate Voting on Bill to Avert US Government ShutdownOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineEurope’s Richest Royal Family Buil
( 34
min )
(Bloomberg) -- The third quarter was a story of dashed hopes in emerging markets, with the unraveling of some of the most profitable trades in the asset class.Most Read from BloombergSenate Voting on Bill to Avert US Government ShutdownOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineEurope’s Richest Royal Family Builds $300 Billion Finance EmpireWeight-Loss Drugs Estimated to Save Airlines MillionsA stronger dollar and surgin
( 34
min )
“I would like to start by formally stating, under oath: I f***** up,” wrote Sam Bankman-Fried, days after the implosion of FTX, the $36bn cryptocurrency exchange he founded.
( 33
min )
The prolific social-media user says he would consider a deal with Elon Musk’s company, now known as X, for his new vehicle.
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min )
(Bloomberg) -- Britain’s stock market is getting back on its feet.Most Read from BloombergSenate Voting on Bill to Avert US Government ShutdownOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineEurope’s Richest Royal Family Builds $300 Billion Finance EmpireWeight-Loss Drugs Estimated to Save Airlines MillionsLess than a year after losing the crown of Europe’s biggest equity market, London looks set to recapture it from Paris, a
( 34
min )
The Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 all tend to rise during the month.
( 22
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(Bloomberg) -- At the biggest Middle Eastern energy conference this week, oil won’t be top of the agenda. Most Read from BloombergSenate Voting on Bill to Avert US Government ShutdownCongress Averts US Government Shutdown Hours Before DeadlineOnce Unthinkable Bond Yields Are Now the New Normal for MarketsEurope’s Richest Royal Family Builds $300 Billion Finance EmpireWeight-Loss Drugs Estimated to Save Airlines MillionsMinisters and business chiefs will gather in Abu Dhabi for the Adipec summit,
( 33
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Bond prices, the Magnificent Seven and emerging markets are under pressure.
( 28
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Government spending has now spawned a deficit larger than GDP during a boom period could prove to be a long-term threat.
( 22
min )
The company and boss Carlos Tavares—both more European than American—are making progress with the union and avoiding more strikes for now.
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Sharply increasing fuel costs may exacerbate the carrier exodus this winter. The post Fuel price jump boosts rates but threatens trucking capacity appeared first on FreightWaves.
( 32
min )
A sunset provision is a clause in a piece of legislation that provides an automatic repeal of all or part of the law once a specific date is reached.
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Exogenous growth, a key tenet of neoclassical economic theory, states that growth is fueled by technological progress independent of economic forces.
( 18
min )
We track the reason behind the change in LIBOR's prefix from BBA to ICE.
( 22
min )
Flooding the market with cheap products can mean job losses and even market collapse—but dumping isn't as threatening as it seems.
( 25
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Since widening the use of markets, the Chinese government has not hesitated to insert itself into the markets when they do not align with its policies.
( 25
min )
The Mumbai Interbank Forward Offer Rate (MIFOR) is a rate that Indian banks use to set prices on forward-rate agreements and derivatives.
( 24
min )
Alan Greenspan was the 13th chair of the Federal Reserve, appointed to an unprecedented five consecutive terms between mid-1987 and early 2006.
( 25
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The original intent of Martin Luther King Jr.'s memorable speech on Aug. 23, 1963, is rooted in his economic beliefs about income inequality.
( 25
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Discover the three different types of reverse mortgages available to qualifying homeowners ages 62 and older.
( 26
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Sen. Booker proposed a baby bond program as a means to end intergenerational poverty. But how effective would such a seemingly radical plan be?
( 25
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The list price, in the real estate world, is the suggested gross sale price of real estate property when it is put on the market.
( 23
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Here are some of the top sources to get economic indicators and associated datasets for India, the breakout BRIC star.
( 21
min )
Industrialization’s complex impact on wages and standards of living is explained.
( 30
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The top 25 stocks in the S&P 500 by weight include many of the largest tech firms in the world.
( 22
min )
Hyperinflation is a rise in prices occurring not when countries print too much money but is instead associated with a collapse in the underlying economy.
( 26
min )
The 200-day simple moving average (SMA) is considered a key indicator by traders and market analysts for determining the overall long-term market trend.
( 23
min )
Top NASDAQ ETFS for Q4 2023 include QQQ, QTEC, and PNQI
( 18
min )
Over half of Americans surveyed by Allianz say they're worried about a major recession, and are keeping more money in cash.
( 17
min )
With hours to spare, the U.S. Congress passed a late bipartisan deal to avert a government shutdown.
( 17
min )
Producenten en importeurs van plastic producten krijgen vanaf volgend jaar ook korting op het bedrag dat ze betalen voor het inzamelen en recyclen van niet volledig duurzaam plastic. Veel producenten lukt het nog niet om aan alle eisen te voldoen en daarom krijgen zij vanaf januari ook al wat korting als plastic verpakkingen iets duurzamer zijn.
( 4
min )
De nieuwste iPhone 15 Pro kan in de eerste dagen na aanschaf heel warm worden door een fout in de software. Apple werkt aan een oplossing na klachten van gebruikers dat de smartphone te heet werd om aan te raken.
( 5
min )
Vakbond FNV roept medewerkers in de houthandel op om de komende tijd soms voor bepaalde tijd hun werk neer te leggen. Daarmee wil de bond zijn eisen voor een nieuwe cao kracht bijzetten.
( 3
min )
De bitcoin had van juli tot en met september het eerste kwartaalverlies van het jaar. De bekendste cryptomunt van de wereld, die nu wordt verhandeld rond de 27.000 dollar, zakte ongeveer 11 procent in waarde.
( 5
min )
Europeanen hebben in 2022 ruim 3 procent meer illegaal gedownload en gestreamd dan in 2021. De afgelopen jaren nam digitale piraterij juist af, maar vorig jaar sloeg de trend om. Hoge abonnementsprijzen en versplintering van de streamingdiensten zijn daar mogelijk de oorzaak van.
( 6
min )
Aan een van de grootste winstmachines van de Nederlandse economie komt na ruim zestig jaar een einde. De gaswinning in Groningen leverde miljarden op, maar ook veel boosheid en frustratie. Vandaag gaan de gasputten definitief dicht. Nou ja, bijna.
( 5
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Now that the worst month of the year is over, the market can do what it does best—go up.
( 22
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Investment bank D.A. Davidson, which has adopted the bison as a brand, picked 17 “high quality” stocks—a few giant, most smaller. We look at seven. .
( 22
min )
Sterling Infrastructure and other obvious beneficiaries of massive governmental spending have already seen their stocks surge in anticipation. Here are some others.
( 22
min )
A federal agency has sued the restaurant chain Chipotle, accusing it of religious harassment and retaliation after a manager at a Kansas location forcibly removed an employee's hijab, a headscarf worn by some Muslim women. In a lawsuit filed Wednesday, the Equal Employment Opportunity Commission alleged that in 2021, an assistant manager at a Chipotle in Lenexa, Kansas, repeatedly harassed the employee by asking her to show him her hair, despite her refusal.
( 32
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(Bloomberg) -- The US consumer is starting to buckle as rising gas prices crimp spending and the delinquency rate on credit cards reaches the highest level in more than a decade. And that’s before student loan payments restart in October.Most Read from BloombergEurope’s Richest Royal Family Builds $300 Billion Finance EmpireHouse Passes Bill to Avert Government Shutdown, Sends to SenatePakistan Rupee Set to Become Top Performing Currency Globally Murder Claim in Canada Is Only Helping India Lead
( 34
min )
The legal fights between Disney and Gov. Ron DeSantis ratcheted up this week. The Florida governor asked that the company's First Amendment lawsuit against him be tossed from federal court, and Disney demanded emails, texts and other communications from the governor's office in a separate state court lawsuit originally brought by DeSantis appointees of Walt Disney World's governing district. The legal filings marked an escalation in the battle between the entertainment giant and DeSantis, a candidate for the 2024 GOP presidential nomination.
( 33
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Nearly 90% of startups fail. As one of the riskiest alternative investment avenues, retail investors typically steer clear of startups given the risk parameters, while ultra-wealthy people and venture capital firms often choose to invest exclusively in startups. Though nine out of 10 startups fail, making a bet on one can quickly make you a millionaire. With $35 billion in total assets under management, Silicon Valley-based Andreessen Horowitz is the world's biggest venture capital firm. While i
( 33
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The beginning of a U.S. initial public offering comeback was marked this month by grocery delivery platform Instacart making its public debut on the Nasdaq Stock Exchange on Sept. 19 and SoftBank-backed chipmaker Arm Holdings' public listing in the U.S. earlier this month. Backed by Sequoia Capital and D1 Partners, Instacart became the first venture capital-backed company to go public since December 2021. "I think we're going to see more companies kick off their (IPO) process in 2024, which is w
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(Reuters) -Walmart on Saturday said that it will streamline job titles across its corporate staff, to ensure that it remains competitive. "We're in the process of updating our approach to campus office jobs to ensure we remain competitive in today’s environment, better reflect the work being done today, while streamlining job titles across our campus office roles," a Walmart spokesperson said in a statement. Corporate employees at Walmart and Sam's Club, its warehouse chain, will be reclassified into fewer groups of possible titles and in some cases, pay changes will go into effect, starting in November.
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Personal representatives are tasked with managing estates when people die, either according to the terms of their will or the state laws that govern certain successions. An executor is a type of personal representative who’s specifically designated in someone’s will to carry out their final wishes and distribute their assets. A financial advisor can be […] The post Personal Representative vs. Executor: Key Differences appeared first on SmartReads by SmartAsset.
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Acquiring $1 million in a lump sum is no simple matter and figuring out the amount of taxes due on it is also complicated. The answer depends on several factors, including the source of the money, where you live and whether Social Security and other FICA taxes apply. Individual circumstances make all the difference. In […] The post How Much Are Taxes on $1 Million? appeared first on SmartReads by SmartAsset.
( 34
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The funds have been hard hit during the bond selloff and now trade at 15%-plus discounts to asset value.
( 22
min )
(Bloomberg) -- It was the week that bond markets finally seemed to grasp what central bankers have been warning all year: higher interest rates are here to stay. Most Read from BloombergEurope’s Richest Royal Family Builds $300 Billion Finance EmpirePakistan Rupee Set to Become Top Performing Currency Globally Murder Claim in Canada Is Only Helping India Leader Modi at HomeWeight-Loss Drugs Estimated to Save Airlines MillionsTop Chinese Scientist Claims India Moon Landing Nowhere Near South Pole
( 35
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Life insurance is built around beneficiaries who will receive the benefits of your life insurance payout when you pass away. However, from time to time, your named beneficiary cannot collect the payment. In that case, the policy passes on to your successor beneficiary. This is a substitute who can receive your insurance benefits instead, like […] The post Successor Beneficiary Rules appeared first on SmartReads by SmartAsset.
( 34
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In the final part of a five-part series, we examine how the White House has made student loan repayment easier ahead of the Oct. 1 deadline."
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Cruise line operator Carnival Corporation posted record revenue and its first quarterly profit since 2020 as bookings surged, but shares fell on a weaker-than-expected profit outlook.
( 19
min )
At 7.3% the week ending Sept. 28, the 30-year fixed-rate mortgage hit the highest level since 2000. Still, home prices are rising.
( 33
min )
(Bloomberg) -- Days before the trial of Sam Bankman-Fried is due to begin in New York, the digital-asset industry is closing ranks against the US government in the case of another influential crypto company: Binance.Most Read from BloombergSenate Voting on Bill to Avert US Government ShutdownOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineEurope’s Richest Royal Family Builds $300 Billion Finance EmpireWeight-Loss Drugs Estima
( 33
min )
We’re winding up the third-quarter of 2023, and what could be more natural than to figure out the best stocks for the rest of the year? Stock picking of this sort is an essential skill for every investor, and fortunately, the Street’s analysts make it easier. They research and analyze various stocks, taking into account a wide range of factors such as company financials, market trends, and growth potential. Through their expertise, these analysts identify and highlight which stocks they believe
( 35
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Millions of Americans must start repaying their federal student loans again in October, with monthly payments averaging hundreds of dollars a month. To get ready, borrowers are cutting expenses, taking on additional work, and looking for options to reduce their monthly payments. Megan McClelland, 38, said she has started asking for October shifts with a catering company and a winery to help supplement her income.
( 33
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Jerome Powell was asked if he shares the Fed staff’s view that the economy is headed for a soft landing last month. “No, I would not do that,” he said.
( 38
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(Bloomberg) -- Measures of underlying inflation cooled in the US and Europe in recent months, which could prompt the central banks to leave interest rates on hold.Most Read from BloombergSenate Voting on Bill to Avert US Government ShutdownEurope’s Richest Royal Family Builds $300 Billion Finance EmpireWeight-Loss Drugs Estimated to Save Airlines MillionsOnce Unthinkable Bond Yields Are Now the New Normal for MarketsPakistan Rupee Set to Become Top Performing Currency Globally The US core person
( 34
min )
Analysts say higher interest rates will deter some borrowers from refinancing student loans but that there is still an opportunity for the fintech.
( 22
min )
Spot Bitcoin and Ether ETFs available through trusted traditional financial institutions will break down barriers and streamline mainstream adoption
( 34
min )
The U.S. Commodity Futures Trading Commission on Friday ordered Goldman Sachs, Bank of America and JPMorgan to pay a total of over $50 million for swap reporting failures and other violations, the agency said in a statement. JPMorgan, Bank of America, and Goldman Sachs will pay civil monetary penalties of $15 million, $8 million, and $30 million respectively, the CFTC said.
( 32
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Cancer detection firm has plans for huge facility, tons of hires in #Phoenix. $EXAS
( 21
min )
As he gets new funding, John Chidsey plans an overseas expansion and pushes a sandwich revamp.
( 22
min )
Electric-vehicle inventories are running nearly twice that of traditional vehicles, suggesting that too many cars are being produced for current demand. A trouble spot for U.S. producers like Ford and General Motors: slow sales in their home states.
( 22
min )
Steve Burns left the troubled electric-vehicle startup in 2021, after an investigation by the board found inaccuracies around disclosures of preorders for the company’s Endurance pickup truck.
( 27
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(Bloomberg) -- China’s property sector has yet to see the worst of the crisis that has cast a pall over the nation’s economy and helped drive an exodus of global funds from the world’s second-largest stock market.Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Europe’s Richest Royal Family Builds $300 Billion Finance EmpireTop Chinese Scientist Claims India Moon Landing Nowhere Near South PoleStock Optimism Fizzles as Quarterly Losses Pile Up: Markets WrapDi
( 33
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Het Amerikaanse Huis van Afgevaardigden heeft zaterdag een shutdown van de overheid voorlopig voorkomen. Het onheil werd afgewend door een voorstel van de Republikein Kevin McCarthy voor noodfinanciering aan te nemen.
( 3
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Ongeveer 55.000 geïnteresseerde woningzoekers hebben zaterdag meegedaan aan de Open Huizen Dag. Dat laat makelaarsorganisatie NVM weten.
( 3
min )
Veel Amerikaanse overheidsdiensten dreigen vanaf dit weekend op slot te gaan. De Democraten en Republikeinen kunnen nog steeds geen akkoord bereiken over de overheidsbegroting. De shutdown gaat de economische groei van de Verenigde Staten "ondermijnen", vermoedt de Amerikaanse minister van Financiën Janet Yellen.
( 4
min )
Het grootste nieuws bij aankondiging van de iPhone 15-serie was dat de telefoons opladen met een USB-C-kabel. Vernieuwingen op de smartphonemarkt zijn niet meer zo spannend meer als vroeger. Ook nu weer: de iPhone 15 (Pro) is een toptelefoon, maar als update is hij wat saai.
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min )
Een maandenlange staking van vrachtwagenchauffeurs op een parkeerterrein langs een Duitse snelweg is voorbij. Voornamelijk vrachtwagenchauffeurs uit Georgië en Oezbekistan startten de staking ruim twee maanden geleden, omdat hun Poolse werkgever ze niet betaalde. Dankzij Nederlandse bemiddeling is dat nu opgelost.
( 3
min )
Het grootste nieuws bij aankondiging van de iPhone 15-serie was dat de telefoons opladen met een USB-C-kabel. Vernieuwingen op de smartphonemarkt zijn niet meer zo spannend meer als vroeger. Ook nu weer: de iPhone 15 (Pro) is een toptelefoon, maar als update is hij wat saai.
( 5
min )
De Turkse minister van Financiën Mehmet Simsek gaat naar Europa om te praten met internationale investeerders over meer buitenlandse investeringen in Turkije.
( 3
min )
De grootste bedrijfslobbygroep van Italië is somber gesteld over de economie voor de rest van dit jaar. Volgens Confindustria is er zwakte in de industrie en dienstensector en zorgen de renteverhogingen door de Europese Centrale Bank (ECB) en stijgende energiekosten voor tegenwind.
( 3
min )
Een Amerikaanse ambtenaar wordt vervolgd voor het lekken van de belastingaangiftes van onder meer oud-president Donald Trump. De 38-jarige Charles Edward Littlejohn riskeert vijf jaar cel, meldt The Washington Post.
( 3
min )
De hoogste bestuurders van de Amerikaanse autobedrijven Ford Motor en General Motors (GM) zijn boos nu een grote staking is uitgebreid. Vrijdag werd bekend dat nog meer werknemers het werk neerleggen. De staking is de derde week ingegaan en er lijkt geen einde in zicht.
( 4
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Veel Amerikaanse overheidsdiensten dreigen vanaf dit weekend op slot te gaan. De Democraten en Republikeinen kunnen nog steeds geen akkoord bereiken over de overheidsbegroting. De shutdown gaat de economische groei van de Verenigde Staten "ondermijnen", vermoedt de Amerikaanse minister van Financiën Janet Yellen.
( 4
min )
Volgens staalfabrikant Tata Steel is zijn uitstoot van kankerverwekkende paks gehalveerd sinds 2019. Maar die bewering klopt niet, stelde Greenpeace deze week tijdens een zitting bij de Reclame Code Commissie. Hoe zit het met de uitstootcijfers van Tata Steel?
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Volgens staalfabrikant Tata Steel is zijn uitstoot van kankerverwekkende paks gehalveerd sinds 2019. Maar die bewering klopt niet, stelde Greenpeace deze week tijdens een zitting bij de Reclame Code Commissie. Hoe zit het met de uitstootcijfers van Tata Steel?
( 5
min )
De omvangrijke Chinese industrie is in september voor het eerst in zes maanden tijd weer gegroeid. Het zijn signalen dat de economie van China langzaam aan het opkrabbelen is na een periode van zwakte.
( 3
min )
Review the differences between a career as a financial adviser and a career as a financial analyst, including how to decide which is best for you.
( 24
min )
The College Construction Loan Insurance Association (CCLIA), also known as Connie Lee, was a government-sponsored enterprise that was privatized in 1997.
( 21
min )
New Keynesian economics is a modern twist on the macroeconomic doctrine that evolved from classical Keynesian economics principles.
( 20
min )
In the final part of a five-part series, we examine how the White House has made student loan repayment easier ahead of the Oct. 1 deadline."
( 23
min )
Cruise line operator Carnival Corporation posted record revenue and its first quarterly profit since 2020 as bookings surged, but shares fell on a weaker-than-expected profit outlook.
( 18
min )
Many of the biggest BNPL providers have strict lending standards and safeguards against losses in place
( 21
min )
A viatical settlement is when someone with a terminal disease sells their life insurance policy at a discount for ready cash.
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min )
What does group term life insurance or GTL mean on your paycheck?
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How much you actually receive from the cash value of your life insurance policy is based on the surrender value, which can sometimes be much lower.
( 28
min )
Encroachment happens when a property owner violates the rights of his neighbor by building on or extending a structure to the neighbor's land or property.
( 19
min )
(Bloomberg) -- Dental aligner company SmileDirectClub Inc. filed for bankruptcy four years after raising $1.35 billion in an initial public offering. Most Read from BloombergEurope’s Richest Royal Family Builds $300 Billion Finance EmpirePakistan Rupee Set to Become Top Performing Currency Globally Top Chinese Scientist Claims India Moon Landing Nowhere Near South PoleStock Optimism Fizzles as Quarterly Losses Pile Up: Markets WrapDianne Feinstein, Longest-Serving Female Senator, Dies at 90The C
( 32
min )
Now that the worst month of the year is over, the market can do what it does best—go up.
( 22
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Demand for gold has held up this year amid record buying from central banks and strong appetite from Chinese buyers, which has offset lower demand in India.
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For the true believers who made Bed Bath & Beyond a meme stock, a reckoning is now at hand.
( 21
min )
Elon Musk's X Corp, facing its own legal claims over unpaid rent, has sued a financial services company to recoup more than $713,500 in allegedly past due rent and other fees stemming from a sublease agreement for San Francisco office space. X, formerly known as Twitter, sued Atlas Exploration in San Francisco Superior Court on Thursday in a complaint alleging breach of contract. Atlas and X entered a sublease agreement for space at 650 California Street in San Francisco's financial district in April 2021, the lawsuit said.
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Oil and gas companies featured heavily in the list of top-performing S&P 500 companies in the third quarter, as rising crude prices lifted the outlook for profits.
( 19
min )
The Securities and Exchange Commission sued one of FTX’s accounting firms Friday, alleging it violated auditor-independence rules hundreds of times in its work with dozens of different clients.
Prager Metis, which has advertised itself as the first accounting firm to open an office in the metaverse
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Today's best CD rates are 6.00% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
( 21
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Amgen was the best-performing stock in the Dow Jones Industrial Average in the third quarter, while Zions Bancorp, up 30%, was the top stock in the S&P 500.
( 22
min )
Investment bank D.A. Davidson, which has adopted the bison as a brand, picked 17 “high quality” stocks—a few giant, most smaller. We look at seven. .
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United Airlines pilots approved a new contract that would raise compensation by about 40%. The $10.2 billion contract is the largest deal in U.S. airline history.
( 18
min )
Bill Ackman said he capitalized on worries about Google's AI chops to buy in cheap, took a long-term view, and prized the tech titan's predictability.
( 32
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The energy landscape is constantly evolving, and today we are witnessing a significant shift. The latest edition of Goldman Sachs’ Carbonomics report outlines the likely mid- to long-term course of America’s shale revolution. This report examines the technological advancements in exploration and extraction that transformed the US into a net oil exporter by 2018. Written under the leadership of the 5-star analyst Michele Della Vigna, the report elucidates the maturation and concluding phases of t
( 37
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Supply chain issues created during the global coronavirus pandemic cost automakers billions of dollars in 2021 and prompted some companies to build domestic manufacturing facilities to solve the problem. "Never seen anything like it," Tesla CEO Elon Musk posted on the platform now known as X. "Fear of running out [of computer chips] is causing every company to overorder — like the toilet paper shortage but at epic scale." Tesla depends on Taiwan Semiconductor to produce its processors, but it's
( 33
min )
(Bloomberg) -- US crude production reached the second-highest level on record in July as output from Texas’s Permian Basin soared to an all-time high. Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Europe’s Richest Royal Family Builds $300 Billion Finance EmpireTop Chinese Scientist Claims India Moon Landing Nowhere Near South PoleDianne Feinstein, Longest-Serving Female Senator, Dies at 90Stock Optimism Fizzles as Quarterly Losses Pile Up: Markets WrapThe
( 32
min )
Microsoft held preliminary talks about selling Bing to the iPhone maker, which would have made Bing the default search on its devices instead of Google, Bloomberg reports.
( 34
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Tech's struggles over the past two months have created a pre-AI boom buying opportunity, the Swiss bank said Friday.
( 31
min )
The Biden administration proposal to dramatically hike fuel economy standards through 2032 is not feasible and could cost automakers a total of more than $14 billion in fines, an automotive group said Friday. The Alliance for Automotive Innovation, which represents General Motors, Toyota Motor, Volkswagen, Hyundai and others, said the National Highway Traffic Safety Administration proposal "exceeds maximum feasibility" and noted the agency projects "manufacturers will pay over $14 billion in non-compliance penalties between 2027 and 2032."
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Inflation has begun to cool, and that may translate to some assets. The Treasury's Series I Bonds, or " I bonds," are no longer the prized savings tool they were 12 months ago. As cost increases slowed over the past year as Federal Reserve raised interest rates, it was inevitable that this inflation-tied asset would […] The post The Series I Bond Frenzy is Dying Down. Is Now the Time to Cash Out? appeared first on SmartReads by SmartAsset.
( 33
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With smart money management, retiring at 55 years old with $6 million could be a breeze. But a lot of work has to go into the strategies you make and the actions that you take. That also includes how you … Continue reading → The post Is $6 million Enough to Retire at 55? appeared first on SmartAsset Blog.
( 34
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Is it possible to earn a paycheck while sitting on the couch watching television? Absolutely, but it takes a bit of work beforehand to set things in motion. By developing online assets, investments and interest payments, you can put your … Continue reading → The post How to Make $1,000 a Month in Passive Income appeared first on SmartAsset Blog.
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Thirty-year mortgage rates have surged again, jumping almost another two-tenths of a point to take the flagship average into historic 8% territory.
( 20
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New Street Research analyst Pierre Ferragu reiterated a Buy rating on TSMC’s Taiwan-traded shares. He sees about 34% upside for TSMC’s U.S.-listed American depositary receipts.
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Investing in real estate often seems straightforward: Purchase a house, lease it and receive monthly rent from the tenant. But reality doesn't always follow the script, as Jason Roth of Seattle can attest. Roth rented out his home in Rainier Valley but the tenant stopped paying rent. Roth is now owed $29,000 in unpaid rent plus utilities. Roth is living in a van with his dog Wally, KIRO 7 News reported. "It's frustrating, extremely frustrating. It's something I can't fully wrap my head around,"
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A co-founder of a multibillion-dollar crypto hedge fund that imploded last year was arrested Friday in Singapore.
Su Zhu was stopped while trying to leave the Southeast Asian country's airport late Friday afternoon, according to people familiar with the matter. He will be held by police in the east
( 24
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Energy-company stocks appear to be lagging crude oil prices recently. Looks can be deceiving.
The price of U.S. crude oil has climbed about 9.5% in September, while the S&P 500 Energy subindex, which usually closely follows crude, has only notched a 3.4% gain.
That's partly because "the price of U
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With the Splunk deal announced Sept. 21, Cisco “is putting its money where its mouth is with software investments,” said one analyst.
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President Joe Biden recently made history by being the first sitting president to join striking autoworkers on the picket line. Speaking through a bullhorn outside a General Motors Co. plant in Michigan, Biden voiced his support for the United Auto Workers union strike. "Wall Street didn't build the country. The middle class built the country, and unions built the middle class. And that's a fact. So, let's keep going," he said. "You deserve what you've earned, and you've earned a hell of a lot m
( 32
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The market landscape for 4Q23 is starting to emerge through the fog, and some of the experts at banking giant J.P. Morgan are pleased with what they’re seeing. Despite an end-of-September sell-off sparked by the Fed’s indications of ‘higher rates for longer,’ JPMorgan Global Wealth Management global investment strategist, AJ Oden, believes the S&P 500 will hit a record high next year. According to Oden, the S&P may gain as much as 11% by the middle of next year, to reach above 4,800. This would
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Higher prices today than those expected in the future means that energy stocks aren’t getting full credit for the rise in current prices. It’s good news for producers like Occidental Petroleum.
( 22
min )
↗️ Nike (NKE): Shares jumped about 8% in early trading after the sportswear company reported better-than-expected profits on Thursday. Nike also said its inventories fell 10% from the previous year—a sign that the company is working through its inven
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min )
Brinker upgraded, Berkshire Hathaway downgraded: Wall Street's top analyst calls
( 34
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Wonder Group is buying meal kit company Blue Apron for about $103 million as the company looks to enhance its offerings. Wonder Group, which was founded by e-commerce mogul Marc Lore, began with vans that would deliver meals to residences, making the final preparations curbside. Blue Apron has built itself into a known name in the meal kit sector, but it's faced increased competition over the years from other meal kit businesses, like Hello Fresh, as well as restaurant and grocery delivery services and at home chefs.
( 32
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U.S. consumer spending increased in August, but underlying inflation moderated, with the year-on-year rise in prices excluding food and energy slowing to below 4.0%. With gasoline price surging, inflation as measured by the personal consumption expenditures (PCE) price index rose 0.4% in August after climbing 0.2% in July. In the 12 months through August, the PCE price index advanced 3.5% after rising 3.4% in July.
( 33
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Nothing lasts forever on Wall Street. Today's champion stocks are tomorrow's bums and vice versa. For investors, the conundrum is determining when the downtrodden stocks will turn around. Buying after a long price decline is risky because investors must distinguish between the proverbial "falling knife" that may continue to drop versus an opportunity to buy a quality stock that will appreciate nicely over time. Sometimes it pays to watch for trends and gauge what should be the future direction o
( 35
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Chipmaker Intel said on Friday it had begun high-volume production using extreme ultraviolet (EUV) lithography machines at its $18.5 billion plant in Ireland, calling it a "landmark" moment as it seeks to regain ground on its rivals. The EUV tools, which are theoretically precise enough to hit a person's thumb with a laser pointer from the moon, will play a key role in meeting Intel's goal of delivering five generations of technology in four years, the U.S. company said. The effort in Ireland is Intel's first attempt at high-volume manufacturing using EUV technology.
( 32
min )
(Bloomberg) -- When Jason Hsu saw Nvidia Corp. rally above $250 a share earlier this year, he gave his mom what he thought was a sage piece of advice: Sell your shares.Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally UAW Aims For At Least 30% Wage Bump to Woo New MembersBiden Impeachment Hearing Heavy on Politics, Light on SubstanceTop Chinese Scientist Claims India Moon Landing Nowhere Near South Pole‘Fortnite’ Maker Epic Games Is Cutting About 16% of StaffT
( 33
min )
A raid by French authorities of the offices of a technology firm named as Nvidia in media reports is the latest among a string of such actions by European regulators as they look to check the dominance of Big Tech companies from thwarting competition. The French competition authority conducted the dawn raid on Wednesday on a company in the "graphics cards sector", it said. French newspaper Challenges and the Wall Street Journal identified the company as Nvidia.
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The sale to food-delivery startup Wonder would end a disastrous six-year experiment with public ownership.
( 27
min )
China's cyberspace regulator's proposal is seen as a move to boost business activity and is particularly good news for the country’s multinational companies.
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min )
Apple, Microsoft, Tesla, Alphabet, and Amazon.com advanced between 0.7% and 1.4% in premarket trading as two-year and 10-year Treasury yields declined. "A move lower in bond yields has given equity markets a much-needed reprieve," said Tim Waterer, chief market analyst at KCM Trade. With fears of high oil prices fueling inflation, investors are awaiting the U.S. central bank's preferred inflation metric- the personal consumption expenditures (PCE) price index, seen increasing 0.5% in August against a 0.2% gain in July.
( 32
min )
While pay increases following the strike will take the shine off automakers’ margins, their electric vehicles are still making huge losses.
( 27
min )
Nike's fiscal first-quarter earnings top analysts' estimates, Tesla is sued for racial harassment at its factory in California, and the UAW strike against the Big Three auto makers could expand Friday.
( 22
min )
(Bloomberg) -- Aston Martin Lagonda Global Holdings Plc shares jumped after Executive Chairman Lawrence Stroll’s Yew Tree Consortium agreed to boost its stake in the carmaker to 26.2%. Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally UAW Aims For At Least 30% Wage Bump to Woo New MembersTop Chinese Scientist Claims India Moon Landing Nowhere Near South PoleBiden Impeachment Hearing Heavy on Politics, Light on Substance‘Fortnite’ Maker Epic Games Is Cutting Ab
( 32
min )
(Bloomberg) -- China Evergrande Group wiped out international investors, roiled financial markets and left thousands of suppliers in the lurch. Yet it was the developer’s failure to pay households who invested in its wealth management products that may have provided the last straw for Chinese authorities.Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Biden Impeachment Hearing Heavy on Politics, Light on SubstanceUAW Aims For At Least 30% Wage Bump to Woo Ne
( 35
min )
Among the 52 companies that MSCI categorizes as semiconductor makers, only Intel has avoided a share-price decline as the month draws to a close.
( 36
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The defense contractor’s shares are cheap and the company is growing faster than its peers.
( 22
min )
(Bloomberg) -- Oil buyers across the planet are facing some of the highest premiums for supplies they’ve seen in months — or longer — as dwindling stockpiles at the largest US storage hub reverberate through markets from Asia to the Middle East to Europe. Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Biden Impeachment Hearing Heavy on Politics, Light on SubstanceUAW Aims For At Least 30% Wage Bump to Woo New MembersTop Chinese Scientist Claims India Moon L
( 33
min )
(Bloomberg) -- BlackBerry Ltd. Chief Executive Officer John Chen expects a “better than 50-50 chance” of wrapping a strategic company review before his contract expires in November, setting up a takeover or overhaul of the former tech darling.Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Biden Impeachment Hearing Heavy on Politics, Light on SubstanceUAW Aims For At Least 30% Wage Bump to Woo New Members‘Fortnite’ Maker Epic Games Is Cutting About 16% of St
( 32
min )
Oil prices fell in early trade on Friday after a recent rally, as profit-taking and expectations of supply increases by Russia and Saudi Arabia outweighed forecasts of positive demand from China during its Golden Week holiday. Oil prices had eased about 1% on Thursday, as traders took profits after prices soared to 10-month highs, and some worried that high interest rates may weigh on oil demand. "Oil prices recent rally paused overnight," National Australia Bank said in a note.
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"The odds are higher than the market is currently discounting that the Saudis will take their foot off the brake sooner."
( 33
min )
Demand for gold has held up this year amid record buying from central banks and strong appetite from Chinese buyers, which has offset lower demand in India.
( 19
min )
Oil and gas companies featured heavily in the list of top-performing S&P 500 companies in the third quarter, as rising crude prices lifted the outlook for profits.
( 18
min )
The S&P 500 fell 3.65% in the third quarter driven by high interest rates which negatively impacted the real estate and utilities sectors while the energy sector saw major growth.
( 19
min )
Today's best CD rates are 6.00% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
( 19
min )
A benefit period is the length of time during which an insurance policyholder or their dependents may file and receive payment for a covered event.
( 20
min )
The S&P 500 finished 0.3% lower on Friday, Sept. 29, 2023, amid concerns about a potential U.S. government shutdown this weekend.
( 16
min )
United Airlines pilots approved a new contract that would raise compensation by about 40%. The $10.2 billion contract is the largest deal in U.S. airline history.
( 17
min )
In part four of a five-part series, we look at how the student loan debt burden has snowballed since the 1980s.
( 19
min )
Oil stocks sank after the Biden administration offered just three offshore drilling leases over the next five years, the fewest in history.
( 17
min )
Health insurance gaps have left millions of consumers struggling with medical debt. Find other options to soften the blow.
( 21
min )
Discover the viability of using a personal loan to finance your car purchase. Learn about the advantages and potential drawbacks.
( 23
min )
A bank card is a physical card issued by a bank used to pay for purchases and make transactions.
( 23
min )
Many federal student loan borrowers have abandoned hope that President Joe Biden will follow through on his 2020 campaign promise of widespread loan forgiveness, but the administration is still forging ahead.
( 19
min )
California is raising its minimum wage for fast-food workers to $20 per hour, the highest minimum wage of any state in the country.
( 17
min )
If you are a military retiree or veteran, you should know about medical care benefits you may be missing.
( 29
min )
The Securities and Exchange Commission has charged ten financial firms over long-standing record-keeping violations.
( 16
min )
FTX founder and former CEO Sam Bankman-Fried's trial starts next week, as the former darling of the crypto industry faces charges of fraud and conspiracy.
( 19
min )
A named perils insurance policy is a home insurance policy covering only losses incurred to a property from hazards or events named on the policy.
( 18
min )
A jumbo certificate of deposit (CD) is a type of savings account with higher balance requirements than a traditional CD that, in return, pays a higher interest rate.
( 25
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Creditable coverage is a health insurance, prescription drug, or another health benefit plan that meets a minimum set of qualifications.
( 21
min )
The Commerce Secretary overseas a vast business and commerce engine that drives the US economy.
( 22
min )
Corporate ownership of life insurance, corporate-owned life insurance, and dead peasant insurance refer to insurance obtained by a company on employees.
( 19
min )
According to a tax rule introduced in the American Rescue Plan Act in 2021, if you made $600 or more from reselling concert tickets, you have to report it to the IRS by filing a 1099-K form when you report your taxable income.
( 17
min )
A block policy is an insurance policy offering coverage against risks faced by goods that are transported or stored by third parties. Commonly found in commercial insurance, a block policy is designed to protect businesses from property damage.
( 17
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An alien insurer is one offering coverage in a country other than its home country.
( 19
min )
U.S. equities were mixed at midday on Friday, Sept. 29, 2023, after the inflation report favored by the Federal Reserve showed prices advanced at a slower pace than economists expected in August.
( 17
min )
Adverse possession is a principle of real estate law that allows a person who possesses someone else's land for an extended period of time to claim legal title to that land.
( 23
min )
Thirty-year mortgage rates have surged again, jumping almost another two-tenths of a point to take the flagship average into historic 8% territory.
( 19
min )
Totaling a vehicle can be a financial headache, not to mention an inconvenience. Learn what you can do to get back on the road after totaling a car.
( 21
min )
Catastrophe excess reinsurance is a policy that protects a catastrophe insurance company from insolvency following a disaster.
( 18
min )
Capital at risk is the amount of capital that is set aside to cover risks.
( 19
min )
Both CFDs and spread betting are types of leveraged investments, which offer significant market exposure with a small initial deposit. Learn more about how they work.
( 23
min )
Contractors' all risks (CAR) insurance covers contractors for both damage to a property and third-party injury or damage claims throughout the construction period.
( 21
min )
Shares of Blue Apron more than doubled after Wonder Group agreed to purchase the meal kit provider for $103 million.
( 17
min )
The United Auto Workers expanded its strike against General Motors and Ford, but not Stellantis, as some progress has been made in negotiations, the union said on Friday.
( 18
min )
Rising gas prices pushed up inflation in August and crowded out other spending in household budgets, according to an economic report that’s closely watched by officials at the Federal Reserve.
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min )
The guideline premium and corridor test (GPT) is used to determine whether an insurance product can be taxed as insurance rather than as an investment.
( 20
min )
Nike shares soared after the athletic apparel retailer posted better-than-expected profit and slashed its inventory.
( 17
min )
Policyholder surplus is the assets of a mutual insurance company minus its liabilities, and it is one indicator of an insurance company’s financial health.
( 18
min )
Political risk insurance provides financial protection to investors, financial institutions, and businesses that could lose money due to political events.
( 19
min )
A business automobile policy (BAP) covers the vehicles a company uses in the course of carrying out its business.
( 19
min )
Insurance proceeds are benefit proceeds paid out by any type of insurance policy as a result of a claim.
( 20
min )
An underwriter syndicate is a temporary group of investment banks and broker-dealers who come together to sell offerings of equity or debt securities.
( 19
min )
Adjusted net worth is the value of an insurance company based on capital values, surplus values, and an estimated value of a business on the books.
( 18
min )
The eurozone's annual rate of inflation fell to a two-year low of 4.3% in September after the ECB hiked rates to a record level to slow rising prices.
( 17
min )
Indexed univeral life insurance is a lot like universal life insurance, however it does have a couple of wrinkles not found in traditional universal insurance policies. Universal life insurance comes in many different forms, from your basic fixed-rate policy to variable models that allow the policy holder to select various equity accounts in which they can invest.
( 19
min )
Medical underwriting is the process of assessing the risk of providing health insurance coverage to an individual and setting the price accordingly.
( 19
min )
Personal loans with low monthly payments can help you consolidate high-interest debt or pay for large purchases.
( 23
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Direct premiums written are the total premiums received before taking into account reinsurance ceded.
( 20
min )
Is your family looking to go someplace exotic for the holidays this year? Here, we'll tell you about five inexpensive places to visit.
( 19
min )
Salvage titles are issued when a vehicle is considered a total loss. Learn how a salvage title works and how to apply for one if you need to.
( 20
min )
The Federal Reserve System is the central bank of the United States and provides the nation with a safe, flexible, and stable financial system.
( 31
min )
Before you bring a furry friend into your household, make sure you can handle the hefty financial commitment.
( 22
min )
De NS mag in de toekomst alleen een hoger tarief in de spits vragen als andere opties om te spits te verlichten niet werken. Dat staat in het nieuwe contract dat de spoorvervoerder voor de komende jaren sluit. Een spitsheffing van 2,50 euro is daardoor op korte termijn van de baan.
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min )
Het demissionaire kabinet houdt vol dat de extra wensen van de Tweede Kamer om de koopkracht volgend jaar te verbeteren niet helemaal in orde zijn. Ze overtreden begrotingsregels, de effecten zijn niet duidelijk en de financiering deugt niet.
( 8
min )
De Franse autoriteiten zijn een onderzoek begonnen naar mogelijke witwaspraktijken rond Bernard Arnault, de rijkste man van Europa. Hij zou samen met een Russische oligarch betrokken zijn bij een complexe deal rondom woningen in het luxueuze Franse skioord Courchevel.
( 3
min )
De vergunning voor de fusie van PostNL en Sandd is in 2019 terecht geweigerd, stelt de rechtbank Rotterdam vrijdag. De zaak is opmerkelijk, aangezien ze inmiddels al jaren één bedrijf zijn. PostNL stelde eerder dat de fusie niet meer ongedaan kan worden gemaakt.
( 4
min )
De update voor de iPhone 12 die Apple in Frankrijk heeft uitgebracht, stelt de Franse overheid gerust. Na de update is er geen sprake meer van een te hoog stralingsniveau en voldoet de telefoon aan Europese normen.
( 4
min )
De inflatie, de mate waarin de prijzen stijgen, is historisch laag deze maand. Houden we dan eindelijk meer geld over in onze portemonnee? "Het inflatiecijfer geeft een vertekend beeld", zegt Rabobank-econoom Hugo Erken.
( 5
min )
Het windmolenpark Hollandse Kust Zuid is vrijdag officieel geopend, ook al is het nog niet helemaal af. Het windpark moet een hoeveelheid energie opwekken die gelijkstaat aan het stroomverbruik van anderhalf miljoen huishoudens. Als het hard waait nog iets meer.
( 4
min )
Met 3.800 kilometer aan stroomkabels tussen Marokko en het Verenigd Koninkrijk kunnen zeven miljoen Britse huishoudens worden voorzien van zonnestroom en windenergie uit Noord-Afrika. De Britse regering roemt het project van het bedrijf Xlinks.
( 4
min )
De inflatie van eurolanden is in september flink afgenomen. Consumentenprijzen stegen met 4,3 procent ten opzichte van september vorig jaar. Dat is het laagste niveau sinds oktober 2021. Net als in Nederland komt de afname vooral doordat energie goedkoper werd.
( 5
min )
Kinderen moeten altijd toegang houden tot basisvoorzieningen zoals water, gas en een dak boven hun hoofd, stellen experts uit Commissie sociaal minimum. Als ouders niet op tijd de rekening betalen, kunnen kinderen daar ernstig de dupe van worden.
( 5
min )
Thuisbezorgd gaat een verdere samenwerking aan met flitsbezorgers. Via de app van de maaltijdbezorger kon je al boodschappen van Getir bestellen. Nu kun je ook producten van Gorillas toevoegen aan je digitale boodschappenmand.
( 4
min )
Duitsland haalt steeds meer energie uit hernieuwbare bronnen. In de eerste helft van 2023 kwam 52 procent van alle verbruikte stroom uit zon en wind. In Nederland lopen we nog iets achter op onze oosterburen.
( 3
min )
Een half miljoen mensen die geen belastingaangifte deden over 2022 en waarschijnlijk recht hebben op teruggave, krijgen een dezer dagen een brief. Volgens de Belastingdienst kunnen ze gemiddeld 444 euro terug verwachten.
( 6
min )
De omzet van winkeliers is in augustus met 5,9 procent gestegen ten opzichte van dezelfde maand vorig jaar. Maar dat kwam vooral door prijsstijgingen. Want consumenten kochten juist 2,1 procent minder spullen in de winkel.
( 3
min )
De inflatie is in de maand september hard afgenomen naar 0,2 procent, het laagste niveau sinds 2016. Dat kwam vooral door lagere energieprijzen. Boodschappen zijn nog steeds 10 procent duurder dan in september vorig jaar.
( 3
min )
Nike heeft in het eerste kwartaal van zijn gebroken boekjaar meer omzet gedraaid dan in dezelfde periode vorig jaar. Vooral consumenten in Europa, het Midden-Oosten en Afrika, maar ook in de regio Azië-Pacific en Latijns-Amerika meer uit aan schoenen en kleding van het merk.
( 4
min )
Een half miljoen mensen die geen belastingaangifte deden over 2022 en waarschijnlijk recht hebben op teruggave, krijgen een dezer dagen een brief. Volgens de Belastingdienst kunnen ze gemiddeld 444 euro terug verwachten.
( 6
min )
Some of the biggest hedge fund managers have talked to Insider about what it takes to join their ranks. Here's what we know.
( 33
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Today's best CD rates are 5.80% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
( 21
min )
Analyst James Shanahan cited the stock's strong performance versus other financial companies.
( 22
min )
The fund's new strategy to combine ether and bitcoin will be effective formally on Oct. 3.
( 32
min )
General Electric failed to persuade a Manhattan federal judge to dismiss a long-running shareholder lawsuit accusing it of concealing risks at its power business, and the judge on Thursday urged both sides to settle. U.S. District Judge Jesse Furman said shareholders could pursue much of their remaining six-year-old class action regarding Boston-based GE's reliance on factoring in connection with long-term service agreements at GE Power. Shareholders led by two pension funds said the power unit grew increasingly reliant on factoring, or the sale of future revenue for cash, to boost reported revenue while sacrificing future cash flows.
( 32
min )
The Equal Employment Opportunity Commission is suing electric vehicle maker Tesla for a pervasive pattern of racial abuse at a California plant.
( 32
min )
Artificial intelligence (AI) has become the hottest trend in the tech sphere. Just take a look at Nvidia Corp. (NASDAQ:NVDA), which has been one of the biggest beneficiaries of investors' increasing enthusiasm for AI. Shares of the chip-making giant have surged 191% year to date, allowing the company to cross $1 trillion in market cap. But according to ARK Invest CEO Cathie Wood, there could be better ways to gain access to the booming sector. "We're really focused on those companies that most p
( 33
min )
The retailer is selling one-ounce gold bars on its website. The bars are so coveted, they often sell out hours after they are listed on the website.
( 22
min )
"How fast it transpires, I think, is going to be a function of that supply-demand issue, so I'm watching that very closely," said Dalio, founder of hedge fund Bridgewater Associates, in the interview. The country's debt has been under the spotlight in recent months after political brinkmanship around the debt limit earlier this year brought the U.S. close to a default.
( 31
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At age 99, Berkshire Hathaway Inc. Vice Chairman Charlie Munger's life spans pivotal eras of economic transformation. From the depths of the Great Depression to the financial tremors of the Great Recession, he's seen it all. Munger recalls a time when the minimum wage was 40 cents per hour. Such experiences, set against a backdrop of technological evolutions and geopolitical gyrations, have provided him with a unique lens through which he views investing. Today, Munger is one of the most esteeme
( 33
min )
Tech has surged, the Fed is well into a tightening cycle, and yields on fixed-income securities have risen materially. Luckily, this is 2023, not 2000, and we know better now.
( 22
min )
Congress could soon change how spouses access their retirement accounts. A pair of Democratic bills recently introduced in the House and Senate would require spouses to consent before either one can make any withdrawals from their 401(k) accounts. The bills, sponsored by Rep. Lauren Underwood, D-Illinois, and Sen. Tammy Baldwin, D-Wisconsin, seek to amend the […] The post Spouses May Soon Need to Agree on 401(k) Withdrawals Under This Proposed Law appeared first on SmartReads by SmartAsset.
( 32
min )
A $4 million nest egg will likely allow you to retire comfortably at age 55. The major challenge will be accumulating that much capital by 55 – about a decade before most people stop working. Other issues include the need to … Continue reading → The post Is $4 Million Enough to Retire on at 55? appeared first on SmartAsset Blog.
( 32
min )
(Bloomberg) -- BlackRock Inc. is the latest exchange-traded fund issuer to take aim at the runaway success of JPMorgan Chase & Co.’s biggest active strategy. Most Read from BloombergElon Musk Wins US Space Force Contract for StarshieldPakistan Rupee Set to Become Top Performing Currency Globally China Puts Evergrande’s Billionaire Founder Under Police ControlPeloton Soars After Deal With Lululemon to Share Fitness ContentEvergrande’s Billionaire Chairman Hui Is Under Police SurveillanceThe activ
( 33
min )
The Baby Boomer generation is reaching retirement age in record numbers. With more Boomers retiring on a daily basis, it helps to understand how prepared they are to leave their jobs for good. In this article, we’ll discuss the average … Continue reading → The post Average Retirement Savings for Baby Boomers appeared first on SmartAsset Blog.
( 35
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A report says Cliffs has signed a so-called standstill agreement with U.S. Steel.
( 22
min )
Everyday investors are hungry for gold. If you need evidence, just look at Costco.
The retail giant has one-ounce gold bars for sale, which Chief Financial Officer Richard Galanti earlier this week said sell
( 23
min )
Costco said it's now selling 1-ounce gold bars, but can't keep them in stock because of strong demand.
( 32
min )
It was only a matter of time before JetBlue Airways issued updated third-quarter guidance. It was never going to be higher.
( 22
min )
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Mortgage rates climbed again for standard 30-year and 15-year loans, raising both averages to their highest levels in more than 20 years. Most other averages held steady.
( 19
min )
Along with the markets’ recent pullback, so has Cathie Wood’s flagship Ark Innovation ETF (ARKK) handed back some of the year’s prior gains. Nevertheless, it has still outpaced the broader markets this year. And despite growing bearish macro concerns, looking at how Wood expects the landscape to shape up, the ARK Invest CEO is optimistic her innovation-first approach will continue to deliver. “I do think that what’s happening this year is that the market is starting to look over the Fed’s moves…
( 35
min )
Spotify downgraded, Tractor Supply upgraded: Wall Street's top analyst calls
( 34
min )
Apple stock has fallen more than 10% since its July highs. Here's what analysts are saying about the iPhone maker's prospects.
( 22
min )
The used-car seller says 'vehicle affordability challenges' weighed on second-quarter sales.
( 22
min )
Apple stock has fallen more than 10% since its July highs. Here's what analysts are saying about the iPhone maker's prospects.
( 22
min )
Chico's is being acquired by Sycamore Partners for $1 billion.
( 22
min )
Battle Road Research analyst Ben Rose upgraded Tesla stock to the equivalent of Buy. The electric-vehicle maker has recently endured a series of negative headlines.
( 22
min )
The used-car seller says 'vehicle affordability challenges' weighed on second-quarter sales.
( 22
min )
Billionaire Ryan Cohen, the largest individual investor in GameStop, is taking over as CEO at the video game retailer. Cohen is already the board chairman and the company's largest individual investor. The CEO job at GameStop, which became one of the most well-known meme stocks to create a frenzy among retail traders on Wall Street, has become a rotating door with the company trying to survive as technology upends the gaming industry.
( 32
min )
Accenture posts fiscal fourth-quarter earnings of $2.71 a share on revenue of $15.99 billion.
( 22
min )
Sam Bankman-Fried, 31, is facing fraud and conspiracy charges linked to FTX, which was once valued at $32 billion.
( 35
min )
Top blockchain and crypto news: U.S. lawmakers berate SEC over ETF applications. NFTs down but not dead. Hong Kong sees year’s biggest crypto heist so far.
( 38
min )
Nio has held exploratory talks with Mercedes-Benz for a tie-up that would see the German automaker invest in the Chinese electric vehicle startup in exchange for technology, two people with direct knowledge of the matter said. Nio's founder and chief executive William Li discussed the potential collaboration with Mercedes CEO Ola Kaellenius earlier this year, seeking an investment from the latter in exchange for loss-making Nio sharing its research and development capabilities with Mercedes, said the sources. The talks did not reach a stage where details on the technology to be transferred and the potential financial investment were discussed, they said.
( 33
min )
Converting a traditional IRA to a Roth IRA can help you minimize taxes in retirement. But executing the conversion strategically is key to maximizing the benefits. A recent Schwab retirement planning report recommends three tactics to reduce your Roth conversion tax bill: max out your current bracket, spread conversions over multiple years and start planning […] The post Make the Most of a Roth Conversion With These Strategies from Schwab appeared first on SmartReads by SmartAsset.
( 34
min )
Appointment of the chairman to additional role ends a monthslong stretch during which the videogame retailer pursued turnaround efforts without a CEO.
( 26
min )
Pfizer is partnering up with Boston synthetic biology firm Ginkgo Bioworks, plus other life sciences news you may have missed.
( 24
min )
Vladimir Putin will be unable to protect citizens from the pain
( 35
min )
Fiscal fourth-quarter revenue at chip maker Micron falls sharply from a year earlier, Peloton stock surges after signing a five-year partnership with Lululemon, and Nike and CarMax are scheduled to report earnings Thursday.
( 22
min )
Rich Boyer, head of the UAW's Stellantis department, is skeptical about company plans for an Illinois plant that once supported 5,000 jobs.
( 33
min )
Yaccarino says advertisers are returning to the Elon Musk-owned platform.
( 31
min )
Ams-Osram shares fell by almost a fifth after it revealed plans to raise more than €2 billion through a capital increase, new bonds, and the sale of part of its semiconductor business.
( 26
min )
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: a Sell initiation at RTX, and downgrades at NextEra Energy, Terex, and South State. Nextera Energy Partners (NYSE:NEP) received two downgrades after the company revised its growth expectations and limited equity needs. This reduction is attributed to the inability to accretively add drop-downs from its parent company Nextera Energy (NYSE:NEE), due to a higher cost of capital.
( 33
min )
Trading in the shares of China Evergrande and two of its publicly listed units was suspended following reports that the property developer’s chairman had been placed under police surveillance.
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min )
With demand for athletic wear slowing, the debate between the bears and the bulls rages on.
( 22
min )
Brent crude is climbing toward $100 a barrel after the two OPEC+ nations made a risky choice to slice their production.
( 27
min )
(Bloomberg) -- China Evergrande Group’s shares have suspended trading in Hong Kong, along with those of its property services and electric vehicle units. Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlCitadel Is Ready to Fight With SEC Over WhatsApp ProbeElon Musk Wins US Space Force Contract for StarshieldBond Selloff Grinds on as Oil Tests $94 a Barrel: Markets WrapLululemon Strikes Deal With Peloton for Fitness Content, Will Ax Mirror DeviceNo reason w
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min )
Obtain information, both general and comparative, about the best available financial modeling courses for individuals pursuing a career in investment banking.
( 21
min )
Today's best CD rates are 5.80% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
( 19
min )
Debit and credit cards look the same and can be used for many of the same purposes. However, there are some key differences you need to know.
( 24
min )
The average daily balance method is a common way that credit card issuers calculate interest charges, based on the total amount owed on a card at the end of each day.
( 23
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A void transaction is a credit or debit card purchase that is canceled before money moves from the cardholder's account to the merchant's account.
( 22
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How the Firestone credit card works and the benefits it has to offer, including both the store card and Mastercard versions.
( 24
min )
Foreign transaction fees and currency conversion fees apply to two different parts of an overseas credit card transaction—the transaction itself and the currency involved.
( 24
min )
Student loan borrowers are seeing thousands in savings when they change to the new SAVE income-driven repayment plan.
( 18
min )
A chip-and-PIN card is a type of credit card that requires the cardholder to authorize the transaction by entering their personal identification number (PIN).
( 23
min )
An insurance company credit rating indicates an insurance company's solvency, financial strength, and ability to pay policyholder claims.
( 19
min )
Credit criteria are the various factors that lenders take into account in deciding whether or not to approve a loan or other form of credit.
( 25
min )
U.S. equites rose, with the S&P 500 advancing 0.6% on Thursday, Sept. 28, 2023, as a report showed consumer spending slowed in the second quarter, and oil prices tumbled.
( 16
min )
If you’re looking for ways to pay for school, you have a few options, including Parent PLUS loans vs. private student loans.
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min )
A range of online companies offer personal loans for $35,000 or more with reasonable rates and terms.
( 22
min )
There are plenty of purposes of a $5,000 personal loan, with top options including debt consolidation and financing large purchases.
( 22
min )
The Nasdaq-100 Pre-Market Indicator (PMI) gives an indication of the opening price for the Nasdaq 100 each trading day.
( 22
min )
The Consolidated Omnibus Budget Reconciliation Act (COBRA) provides for continuing health insurance coverage for employees who lose their jobs.
( 22
min )
Accenture shares dropped to their lowest level since June after its revenue and full-year outlook missed estimates as new bookings declined.
( 16
min )
Shares of Workday sank after the human resources technology provider slashed its revenue outlook because of economic uncertainties.
( 17
min )
Liquidity refers to the ease with which an asset, or security, can be converted into ready cash without affecting its market price.
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Mortgage rates surged to a new high this week, with the average rate on Freddie Mac's 30-year fixed-rate mortgage at 7.31%—the highest since 2000.
( 17
min )
Independent insurance adjusters work for the insurance company but through a third party that specialized in homeowners or other types of insurance claims.
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min )
Out of 578 U.S. counties that ATTOM Data analyzed, housing was affordable in only 21% of them in the third quarter.
( 18
min )
Cost of debt is the effective rate that a company pays on its current debt as part of its capital structure.
( 29
min )
Microsoft hopes to strengthen its position in the AI landscape as partner OpenAI relaunches a ChatGPT update that includes most-recent information and Microsoft's Bing.
( 18
min )
Underwriting income is profit generated by an insurer's underwriting activity. It is the difference between premiums collected and claims paid out.
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A lead underwriter is usually an investment bank that organizes an IPO or a secondary offering for companies that are already publicly traded.
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The transfer of risk is the primary tenet of the insurance business, in which one party pays another to bear the costs of some potential expenses.
( 18
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Fronting policy is a risk management technique in which an insurer underwrites a policy to cover a specific risk, but then cedes to a reinsurer.
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min )
Year to date (YTD) refers to the period of time beginning on the first day of the current calendar year or fiscal year and extending up to the current date.
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An aggregate limit is a cap on the maximum amount an insurer will pay in claims to a policyholder over a set period, usually one year.
( 18
min )
Level-Premium Insurance is a term life insurance where the premiums remain the same throughout the duration of the contract.
( 22
min )
If you want to trade stocks or bonds, you’ll need to open an online brokerage account. Learn what you need to open an online brokerage account and how to do it.
( 22
min )
Discover why shareholder rights plans are known as poison pills, why they're used, and learn about their benefits and drawbacks for a company's shareholders.
( 23
min )
A commercial property floater is a rider added to a business insurance policy to protect property that may be used in many different locations.
( 19
min )
Automated Valuation Model (AVM) is a real estate appraisal approach that uses statistical modeling techniques and software to value properties.
( 21
min )
An evening star is a stock-price chart pattern used by technical analysts to detect when a trend is about to reverse. It's bearish and the opposite of a morning star.
( 21
min )
The Federal Reserve Board (FRB) is the governing body of the Federal Reserve System, the U.S. central bank in charge of making monetary policy
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Reciprocal insurance exchanges are where individuals and businesses exchange insurance contracts to spread the risk among themselves.
( 23
min )
U.S. equities gained at midday on Thursday, Sept. 28, 2023, after a report showing consumer spending slowed, and oil prices fell.
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min )
An appraised value is a professional assessment of the condition and worth of a piece of property at a specific point in time.
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min )
A CareCredit healthcare credit card can be used by pet parents to help cut the costs of high veterinary care costs.
( 23
min )
Malpractice insurance is professional liability insurance that protects healthcare professionals against patient or client lawsuits.
( 20
min )
CarMax shared dropped after reporting a profit below forecasts as demand for used vehicles slowed and it spent more to cover potential losses from bad loans.
( 17
min )
Micron Technology shares fell in early trading Thursday after the company issued weaker-than-expected guidance for the current quarter, despite beating revenue and profit expectations for the quarter ended August 31.
( 18
min )
Video game retailer GameStop named executive chair and activist investor Ryan Cohen as its president and CEO.
( 17
min )
A government shutdown would disrupt services and damage the economy. It is now just days away, with a compromise looking less likely.
( 18
min )
Learn what steps need to be taken in order to obtain the Financial Risk Manager designation.
( 20
min )
The U.S. dollar was first minted in 1914. Find out what made the U.S. dollar the world's reserve currency.
( 23
min )
Building an effective business launch plan requires careful consideration of several key topics: market research, a business plan, funding, legal aspects, and marketing strategy. This article covers the key things entrepreneurs should know about each of these and more.
( 26
min )
Toyota Motors (TM) global sales in August reached an all-time high, on the back of record output driven by enhanced supply conditions and heightened demand.
( 17
min )
A death benefit is a payout to the beneficiary of a life insurance policy, annuity, or pension when the insured or annuitant dies. Learn about taxation and claiming.
( 22
min )
Frequency-severity method is an actuarial method that determines the expected number of claims (and average costs) that will be received during a given time.
( 19
min )
Explore the impact of real value and nominal value on stock trading. Determine or learn how these values are assigned and what causes them to change.
( 22
min )
Peloton shares jumped after signing a five-year global partnership agreement with Lululemon.
( 17
min )
Mortgage rates climbed again for standard 30-year and 15-year loans, raising both averages to their highest levels in more than 20 years. Most other averages held steady.
( 19
min )
Uninsured motorist (UM) coverage may pay a policyholder's damages after an accident with a driver who does not have insurance or a hit-and-run.
( 24
min )
Underinsured motorist coverage is a type of auto insurance that covers property damage and medical bills from an accident caused by a driver with insufficient insurance.
( 23
min )
Calculating gross domestic product, or GDP, with the expenditure approach is the same as the formula for aggregate demand.
( 21
min )
Bitcoin Pizza Day is the day a Florida man bought two pizzas for 10,000 bitcoins, now worth millions.
( 19
min )
Capitation payments are monthly payments received by a physician, clinic, or hospital per patient enrolled in a health plan with a capitated contract.
( 24
min )
A profile of the most effective ways life insurance agents find leads including company leads, third-party leads, LinkedIn and networking.
( 25
min )
Actuarial science is a discipline that assesses financial risks in the insurance and finance fields, using mathematical and statistical methods.
( 24
min )
De Europese Commissie wil de acht kandidaat-lidstaten meer geld geven zodat ze zich sneller kunnen voorbereiden op het lidmaatschap van de Europese Unie. Ook moeten de landen alvast toegang krijgen tot de interne markt.
( 4
min )
Komend weekend gaat een fabriek open die buitenlands gas geschikt maakt voor Nederlandse huishoudens. De opening valt samen met het einde van de gaswinning in Groningen.
( 3
min )
De rechtbank Oost-Brabant heeft Vacansoleil failliet verklaard, meldt de reisorganisatie. Het bankroet volgt op het uitstel van betaling, dat het bedrijf dinsdag aanvroeg. Volgens Vacansoleil werkt het aan een oplossing voor klanten die nu op vakantie zijn of nog gaan.
( 3
min )
Statiegeldbekers bij McDonald's lijken nog geen groot succes. Sinds juli kunnen klanten bij afhaalmaaltijden kiezen voor een hardere, plastic beker met 1 euro statiegeld. Ondanks het statiegeld wordt maar een kwart van de bekers teruggebracht.
( 4
min )
Netbeheerder Liander ziet dat het elektriciteitsnet op steeds meer plekken vol is. Zo zijn er recent knelpunten ontstaan in Flevoland, Friesland, Gelderland, Noord-Holland en Zuid-Holland. En dat zorgt voor de nodige problemen.
( 3
min )
Nog minder reclame, een maximaal gokbedrag en een zorgplicht voor online kansspelaanbieders. Het zijn een paar voorstellen die de Nationaal Rapporteur Verslavingen (NRV) donderdag doet om de schade van online gokken te beperken en te voorkomen.
( 5
min )
Nog minder reclame, een maximaal gokbedrag en een zorgplicht voor online kansspelaanbieders. Het zijn een paar voorstellen die de Nationaal Rapporteur Verslavingen (NRV) donderdag doet om de schade van online gokken te beperken en te voorkomen.
( 5
min )
De gemeente Amsterdam wil investeren in buurtteams en de afvalinzameling en gaat daarom extra geld vragen aan toeristen. De opslag voor hotelgasten en cruisepassagiers die de stad bezoeken gaat volgend jaar omhoog, blijkt uit de nieuwe gemeentebegroting.
( 4
min )
Vooralsnog komt er geen verkoopverbod voor de Apple iPhone 12 in Nederland. Het toestel geeft in sommige gevallen te veel straling af, maar dat zorgt niet voor directe gezondheidsrisico's. Daarom wacht toezichthouder RDI een aanpassing van Apple af.
( 3
min )
Gemeenten keren zeer uiteenlopende bedragen uit aan financieel kwetsbare mensen. De verschillen kunnen oplopen tot honderden euro's. Volgens de Commissie sociaal minimum is de verhouding tussen gemeenten en de Rijksoverheid problematisch.
( 8
min )
Gemeenten keren zeer uiteenlopende bedragen uit aan financieel kwetsbare mensen. De verschillen kunnen oplopen tot honderden euro's. Volgens de Commissie sociaal minimum is de verhouding tussen gemeenten en de Rijksoverheid problematisch.
( 6
min )
Verzekeraars NN, ASR en Aegon zien hun aandelenkoers weer dalen. Woensdag leden de bedrijven al forse verliezen door een tegenvallende uitspraak in een woekerpoliszaak. Ook op donderdag verkopen beleggers hun aandelen in de verzekeraars.
( 4
min )
Bij een aanval van Chinese hackers op de mailbox van het Amerikaanse ministerie van Buitenlandse Zaken zijn eerder dit jaar 60.000 mails gestolen. Dat zegt een stafmedewerker van de Senaat tegen persbureau Reuters.
( 3
min )
Veel analisten verwachten dat de Europese Centrale Bank (ECB) na de reeks van tien renteverhogingen een pauze inlast. Maar de Nederlandse ECB-directeur Frank Elderson denkt dat de rente in oktober toch verder omhoog kan.
( 3
min )
Door een grote IT-storing viel een aantal Volkswagen-fabrieken in Duitsland vanaf woensdagavond stil. Donderdagochtend kan de productie weer beginnen, meldt het bedrijf.
( 3
min )
Nederlandse consumenten gaven 16,3 miljard euro uit in de eerste helft van dit jaar. Dat is 2 procent meer dan in 2022. Het winkelend publiek geeft digitaal steeds vaker geld uit aan reizen en entertainment. Kleding en beautyproducten zijn minder populair.
( 4
min )
Door een grote IT-storing viel een aantal Volkswagen-fabrieken in Duitsland vanaf woensdagavond stil. Donderdagochtend kan de productie weer beginnen, aldus het bedrijf
( 3
min )
Nederlandse consumenten gaven 16,3 miljard euro uit in de eerste helft van dit jaar. Dat is 2 procent meer dan in 2022. Het winkelend publiek geeft digitaal steeds vaker geld uit aan reizen en entertainment. Kleding en beautyproducten zijn minder populair.
( 3
min )
De ene na de andere winkelketen gaat de laatste tijd failliet. Volgens retailkenners komt dit door de inflatie en doordat de ketens niet weten wat de consument wil. En dat gaat nog meer slachtoffers maken, denken ze.
( 5
min )
What should we make of today’s market conditions? Investors have started digesting how the Federal Reserve’s ‘higher for longer’ interest rate policy will impact the economy, and they’re not pleased with the prospect. Other challenges on the horizon include an increasing probability of a government shutdown as Congress grapples with partisan disagreements over annual budget resolutions, declining consumer confidence as worries mount, and a sharp surge in oil prices on the commodity trading floor
( 35
min )
When Costco lists gold bars for sale online, "they're typically gone within a few hours and we limit two per member," its CFO told investors.
( 32
min )
(Bloomberg) -- Palantir Technologies Inc. has won a $250 million contract with the US Defense Department to research and develop artificial intelligence and machine learning technology.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlCitadel Is Ready to Fight With SEC Over WhatsApp ProbeBond Selloff Grinds on as Oil Tests $94 a Barrel: Markets WrapRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownDimon Warns 7% Fed Rate Still Po
( 32
min )
A valuation at that level would make the company more expensive than Microsoft, Alphabet, and Nvidia by at least one measure.
( 22
min )
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler continued his combative stance against crypto "hucksters" in congressional testimony on Wednesday, declining to answer the industry's most urgent questions while arguing that digital assets companies have been dangerously careless with customer assets.
( 33
min )
(Bloomberg) -- The two-month selloff in US stocks threatens to intensify as options dealers on Wall Street and fast-money traders both turn against the market. Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlElon Musk Wins US Space Force Contract for StarshieldCitadel Is Ready to Fight With SEC Over WhatsApp ProbeBond Selloff Grinds on as Oil Tests $94 a Barrel: Markets WrapLululemon Strikes Deal With Peloton for Fitness Content, Will Ax Mirror DeviceSuch
( 33
min )
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U.S. crude oil inventories fell by more than 2 million barrels last week, hitting their lowest since 1985. That could have far-reaching implications on oil prices and, by extension, prices at the gas pump.
( 19
min )
(Bloomberg) -- Micron Technology Inc. fell in late trading after predicting a steeper loss than anticipated in the current quarter, indicating that an industry slump is still weighing on the largest US maker of memory chips.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlCitadel Is Ready to Fight With SEC Over WhatsApp ProbeBond Selloff Grinds on as Oil Tests $94 a Barrel: Markets WrapRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government S
( 33
min )
(Bloomberg) -- Crude tanks at the largest US storage hub and the pricing point for millions of dollars worth of oil contracts are running dry, threatening their ability to operate normally and sending prices for near-term supplies surging.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlElon Musk Wins US Space Force Contract for StarshieldCitadel Is Ready to Fight With SEC Over WhatsApp ProbeLululemon Strikes Deal With Peloton for Fitness Content, Will Ax M
( 32
min )
Shares of Micron Technology fell in after-hours trading. The memory-chip maker posted its fiscal fourth-quarter results today after the close.
The stock was recently down more than 3% in after-hours trading after edging higher in the regular session.
Here's what you need to know, including estimat
( 22
min )
(Bloomberg) -- Exxon Mobil Corp. won’t be able to revive oil platforms off the California coast by relying on trucks to ship crude to refineries on shore.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlCitadel Is Ready to Fight With SEC Over WhatsApp ProbeBond Selloff Grinds on as Oil Tests $94 a Barrel: Markets WrapRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownDimon Warns 7% Fed Rate Still Possible, Times of India SaysThre
( 33
min )
Tight supplies in a critical Oklahoma oil town are pushing prices closer to $100. It's the opposite of what happened when oil prices turned negative in 2020.
( 22
min )
At least WeWork had flashy buildings to flaunt for the billions of dollars ex-CEO Adam Neumann raised. SBF, as he was often called, is a pathological liar, an alleged fraud and market manipulator and also a really horrible ex-boyfriend who’s pinning his entire downfall on his on-and-off girlfriend Caroline Ellison, who headed Alameda Research. It was probably the FTX exchange itself.
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min )
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NextEra Energy subsidiary, NextEra Energy Partners, LP, significantly reduced its distribution growth outlook, blaming Federal Reserve moves to fight inflation, and shares of both plunged.
( 17
min )
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Cleveland-Cliffs shares gained after the steel producer announced that it was raising prices.
( 18
min )
The losses, which totaled about $106 billion at the end of the second quarter, could have widened by over $10 billion in the current quarter.
( 22
min )
(Bloomberg) -- Greg Lippmann, the trader who was immortalized in Michael Lewis’s book “The Big Short,” sees a soft landing by the Federal Reserve as unlikely and is focusing on investments that would perform well in a tougher economic environment or if rates were to rise further.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlElon Musk Wins US Space Force Contract for StarshieldCitadel Is Ready to Fight With SEC Over WhatsApp ProbeBond Selloff Grinds on as
( 32
min )
Total deposits across U.S. banks fell 4.8%, or $872 billion, year over year. Among the top 15 deposit holders, Charles Schwab reported the largest year-over-year decrease of 31.1%.
( 22
min )
The U.S. isn't alone in struggling with a rising national debt. Nor is it in the worst position among developed countries.
( 22
min )
NEW YORK (Reuters) -Shares of marijuana companies gave back early gains on Wednesday after jumping following a U.S. Senate committee voted to advance a bill that would give legal cannabis-related companies a boost by allowing them to access banking system services. A bipartisan group of senators on the U.S. Senate Banking Committee voted to advance the Secure and Fair Enforcement Regulation Banking Act, also known as the SAFER Banking Act, which aims to protect banks offering financial services to legal marijuana companies.
( 32
min )
TF International Securities analyst Ming-Chi Kuo is widely followed for his checks on supply chains in Asia and the conclusions he draws from them.
( 22
min )
Deutsche Bank analyst Emmanuel Rosner cut his price target on Tesla stock to $285 from $300. The EV maker may face limited volume growth next year, he writes.
( 22
min )
The memory chip company has projected a 41% revenue decline for its latest quarter.
( 22
min )
Imagine retiring with $7 million in your 401(k) or IRA. What kind of lifestyle might that size nest egg support? Picture owning a luxurious home in a high-end neighborhood, driving top-notch vehicles, regularly vacationing in exotic locations and availing best-in-class healthcare without worrying about rising costs. When planning a $7 million retirement it's important to […] The post What a Retirement Lifestyle With $7 Million Looks Like appeared first on SmartReads by SmartAsset.
( 34
min )
OpenAI, the developer of ChatGPT, is in talks over a share sale that would value it between $80 billion and $90 billion, The Wall Street Journal reported.
( 22
min )
U.S. crude oil futures extended their three-month-long rally, bringing them to their highest level of the year.
Futures were trading at $92.27 a barrel, up about 2% from yesterday's close and more than 30% since June. The jump extended a run-up in prices that began in early July, after production c
( 23
min )
Higher interest rates, which were supposed to be a savior for the sector, have instead led to many problems.
( 22
min )
Is stability in cryptos despite a selloff in stocks just another sign that Bitcoin is boring, or a harbinger of declines for digital assets?
( 21
min )
Retailer Costco delivered an earnings beat, but investors seem disappointed it didn't raise membership fees. Wall Street analysts are upbeat, though.
( 22
min )
Ford Motor's decision to hit the brakes on a planned $3.5 billion battery plant in Michigan highlights a challenge for Tesla's growing crowd of rivals in the U.S. market: Tesla is pushing most of them into unprofitable, low-volume niches. Global automakers are launching scores of new electric vehicles in the United States, and pouring billions of dollars into new EV and battery plants. On a brand-by-brand basis, Tesla outsold its next 19 competitors by 10 to one or more during the first half, according to S&P Global Mobility data.
( 33
min )
(Bloomberg) -- On picket lines around the country, auto workers aren’t just demanding higher wages. They want to get back their once-sacred retirement pensions. Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlDimon Warns 7% Fed Rate Still Possible, Times of India SaysRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesTrump Found Liable for Fraud in New
( 35
min )
Amgen has a couple of shots on goal to break into one of the biggest markets the pharmaceutical industry has ever seen.
( 27
min )
Costco stock falls after the warehouse retailer didn't increase membership fees, MillerKnoll surges after raising its fiscal 2024 profit outlook, and Micron is scheduled to report earnings Wednesday.
( 22
min )
As the UAW makes progress negotiating with Ford, experts wonder whether the talks are starting to focus on what really needs to get done.
( 37
min )
The market has finally heard Fed Chairman Jerome Powell’s warning: Reducing inflation to 2% is hard, and more interest-rate hikes might be needed.
( 22
min )
The U.S. is expected to indefinitely extend a waiver granted to South Korean chipmakers Samsung Electronics and SK Hynix on needing licenses to bring U.S. chip equipment into China, Yonhap news agency reported on Wednesday. The U.S. Commerce Department has discussed details with the South Korean chipmakers on which equipment could be used in China, said Yonhap, citing unnamed sources, adding that the U.S. would make related announcements as early as this week. Last year, the chipmakers had received authorisation from the U.S. Commerce Department to supply equipment needed for chip production in China for a year without seeking additional licenses.
( 32
min )
(Bloomberg) -- Assets with exposure to China look “ridiculously cheap” and Alberta’s investment manager plans to boost holdings in Asia to take advantage of it, its chief executive officer says. Most Read from BloombergDimon Warns 7% Fed Rate Still Possible, Times of India SaysRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesStocks Sink as Bears Take Charge, Dollar Rallies: Markets WrapTru
( 32
min )
(Bloomberg) -- China’s suddenly full of gold bugs. Most Read from BloombergDimon Warns 7% Fed Rate Still Possible, Times of India SaysRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesStocks Sink as Bears Take Charge, Dollar Rallies: Markets WrapTrump Found Liable for Fraud in New York Attorney General’s CaseThe market for bullion in China has surged this month, at times commanding a record
( 33
min )
A ceding commission is a fee paid by a reinsurance company to the ceding company to cover administrative costs and acquisition expenses.
( 18
min )
The Accounting Principles Board, now defunct, was a precursor to the Financial Accounting Standards Board (FASB).
( 19
min )
Economic conditions following World War I intensified antagonisms between nations prior to the outbreak of World War II.
( 23
min )
Today's best CD rates are 5.80% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
( 19
min )
CVS shares fell after pharmacists in Kansas City, Mo. indicated they would walk off the job for a second time in a week to protest working conditions.
( 17
min )
In part two of a five-part series, student loan borrowers are adjusting their budgets as they look ahead to Oct. 1.
( 23
min )
Joint tenants in common means that ownership of an asset or property by at least two people carries no rights of survivorship.
( 19
min )
Recession predictions are big business these days, with economists debating whether the Federal Reserve’s campaign of anti-inflation interest rate hikes will tap the brakes too much and bring the economy into a recession.
( 17
min )
The S&P 500 was little changed, adding 0.02% on Wednesday, Sept. 27, 2023, and oil industry stocks gained as oil prices surged amid supply concerns.
( 16
min )
U.S. crude oil inventories fell by more than 2 million barrels last week, hitting their lowest since 1985. That could have far-reaching implications on oil prices and, by extension, prices at the gas pump.
( 17
min )
The top national rate for a high-yield savings account keeps rising, setting record after record. Another jump this week has pushed the top rate even further above 5%.
( 19
min )
The virtual and augmented reality headset will directly compete with Apple's higher-priced offering and the two are set to further compete in the AR/VR hardware space.
( 17
min )
Whether you’re the buyer or seller, here’s what you need to know about transferring a car title.
( 19
min )
NextEra Energy subsidiary, NextEra Energy Partners, LP, significantly reduced its distribution growth outlook, blaming Federal Reserve moves to fight inflation, and shares of both plunged.
( 17
min )
Botnet mining is the illicit practice of using hijacked processing power from other people's internet-connected devices to mine cryptocurrency.
( 21
min )
The Federal Reserve may have to raise its key interest rate higher than previously expected, a Fed official and economists at a major financial company said Wednesday.
( 18
min )
Healthcare is expensive, but those without healthcare coverage put themselves at risk.
( 21
min )
Cleveland-Cliffs shares gained after the steel producer announced that it was raising prices.
( 17
min )
A new survey from Debt.com shows two-thirds of Americans reported outstanding medical debt, while another third said their medical debt was in collection and that medical costs had kept them from making medical appointments
( 18
min )
The Defense Production Act (DPA) gives the president the power to order the production and supply of goods and services to support national defense.
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min )
Variable universal life (VUL) insurance is a permanent life insurance policy with a savings component in which cash value can be invested.
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min )
The foreclosure crisis was a period of drastically elevated property seizures in the U.S. housing market between 2007 and 2010.
( 20
min )
A Federal Housing Administration (FHA) loan is a mortgage that is insured by the FHA and issued by a bank or other approved lender.
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min )
Return on equity (ROE) vs. return on capital (ROC) are two distinctly different formulas, as one includes only combined profit while the other considers debt.
( 21
min )
A credit crisis is a breakdown of a financial system caused by a severe disruption of the normal process of cash movement that underpins any economy.
( 20
min )
Homebuilder ETFs have outperformed this year thanks to demand for newly-built homes, but they may have reached an inflection point, giving back some gains in recent weeks amid rising mortgage rates and a pullback in construction.
( 18
min )
As companies around the world face mounting pressure to deliver on environmental, social and governance goals, 75% of firms surveyed by KPMG say they aren't ready for ESG-related assessments.
( 19
min )
Hubbert’s peak theory predicts the rise, peak, and decline of global oil production.
( 21
min )
U.S. equities were lower at midday on Wednesday, Sept. 27, 2023 as oil prices jumped and the deadline for a possible government shutdown neared.
( 16
min )
Costco shares rose after beating earnings expectations for its fiscal fourth quarter as the wholesaler benefitted from rising memberships, but felt the impact of lower discretionary sales and purchase volumes amid a spending slowdown.
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min )
Shares of major media companies edged higher Wednesday morning after the Writers Guild of America ended a five-month writers strike.
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MillerKnoll shares surged after the furniture maker posted better-than-expected results and boosted its guidance as it benefits from employees returning to offices following the work-from-home boom.
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Rates for 15-year, FHA 30-year, and jumbo 30-year mortgages are at their highest levels in more than 20 years, and the 30-year flagship average is sitting just under its peak.
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The Veil of Ignorance is a powerful thought experiment that allows us to test ideas for fairness.
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Commodities and securities are subject to different types of regulations, and there is an ongoing debate about how to classify cryptocurrencies.
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Liar's Poker is a game, associated with Wall Street traders, of betting on which digits appear in serial numbers on currency. It's also the name of a bestselling book.
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Learn how the price elasticity of demand is more sensitive for some types of consumer goods than others, and see what factors most influence elasticity.
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This index is a widely used and respected barometer of the U.S. housing market and the broader economy.
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Index rebalancing involves changing the weights of index components to maintain its mandate or goal. This could include adding or dropping component assets.
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Learn about the origins of the law of supply and demand, an important economic principle that's centuries old but still affects today's economy.
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min )
Some retailers are closing stores or shifting guidance as organized retail crime is a growing concern for brands like Target, Dick's Sporting Goods and Walmart.
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Despite being followed so relentlessly, the consumer price index (CPI) has its limitations and is an imperfect measure of inflation and the cost of living.
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Learn more about the impact of supply and demand in an economy. Find out why companies study supply and demand as part of market research.
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min )
Associate in Premium Auditing (APA) is a professional designation for accountants specializing in auditing and other duties for insurance companies.
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Make sure you know the difference between a change in market outlook and a short-term recovery.
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The Robin Hood effect refers to an economic occurrence in which the less well-off gain at the expense of the better-off.
( 22
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Rate on line is the ratio of premium paid to loss recoverable in a reinsurance contract. Rate on line represents how much an insurer has to pay to obtain reinsurance coverage, with a higher ROL indicating that the insurer has to pay more for coverage.
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min )
Happiness economics is the formal study of the relationship between individual satisfaction and economic factors such as employment and income.
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Van alle EU-landen importeert Nederland de meeste producten met een risico op ontbossing uit landen buiten de Europese Unie. Het gaat om producten als soja, hout en palmolie, goederen die binnenkort niet meer welkom zijn in de EU.
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Binnenkort kun je op WhatsApp, Instagram en Facebook Messenger praten met chatbot Meta AI. Dit is het alternatief van Facebook-moederbedrijf Meta voor de populaire AI-chatbot ChatGPT.
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De fabriek Chemours in Dordrecht is aansprakelijk voor jarenlange pfas-vervuiling, oordeelde de rechter woensdag. Het gaat waarschijnlijk om miljoenen aan schadevergoeding. Wel moeten omliggende gemeenten nog lang wachten voor de fabriek dat geld uitkeert.
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Vacansoleil zoekt contact met honderden vakantiegangers die in Europa op de camping zitten of voor komende week een boeking hadden gedaan. De reisorganisatie vroeg dinsdag uitstel van betaling aan en probeert reizigers te informeren over de gevolgen voor hun vakantie.
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Chemours is aansprakelijk voor de pfas-vervuiling die de chemische fabriek in Dordrecht van 1984 tot 1998 in de omgeving heeft veroorzaakt. Het zou kunnen dat de aansprakelijkheid wordt uitgebreid, maar daar moet de rechter zich nog over buigen.
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min )
Jongeren onder de zestien jaar mogen voortaan niet meer aan de slag als flitsbezorger. Dat schrijft demissionair minister Karien van Gennip (Sociale Zaken en Werkgelegenheid) woensdag in een brief aan de Tweede Kamer. Het verbod gaat volgende maand in.
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De persoonsgegevens van zo'n 195.000 klanten van ov-bedrijf Arriva zijn mogelijk uitgelekt. Het datalek zat in het contactformulier op de website van de vervoerder. De kans bestaat dat onbevoegden toegang hebben gekregen tot de gegevens van alle mensen die het contactformulier hebben ingevuld.
( 3
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Philips heeft 3.700 klachten over apneu- en beademingsapparaten verzwegen aan de Amerikaanse toezichthouder, blijkt uit dataonderzoek van NRC. Ook gaf Philips niet door dat elf gebruikers van de apparatuur zijn overleden.
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De handel in aandelen NN, het voormalige Nationale-Nederlanden, is voor korte tijd stilgelegd. Het aandeel ging woensdag op de Amsterdamse beurs flink onderuit door een kritische uitspraak van de rechter over woekerpolissen.
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Carrefour en E.Leclerc gaan tot het einde van het jaar brandstof tegen kostprijs verkopen bij hun tankstations. Dit doen de twee grootste Franse supermarktketens na overleg met de Franse regering om Fransen met een smalle beurs te helpen.
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Een meerderheid van de Tweede Kamer wil de huidige korting op brandstof in stand houden. Dat kost zo'n 1,2 miljard euro. De VVD wil geld uit het Nationaal Groeifonds gebruiken om automobilisten tegemoet te komen. Economen zetten daar vraagtekens bij.
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De Amerikaanse toezichthouder FTC vindt dat techreus Amazon monopoliegedrag vertoont. Daarom slepen de kartelwaakhond en zeventien staten het bedrijf voor de rechter.
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Is Chemours aansprakelijk voor de pfas-vervuiling in de omgeving? Op die vraag geeft de rechter vandaag antwoord. De zaak is aangespannen door vier gemeenten die rond de chemische fabriek liggen.
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Veel Amerikaanse overheidsdiensten dreigen over enkele dagen te moeten sluiten omdat er geen akkoord is over een nieuwe rijksbegroting. Om deze zogeheten shutdown te voorkomen moet de politiek nog deze week overeenstemming bereiken, maar dat gaat moeizaam.
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De NS moet de omstreden spitsheffing opnieuw overwegen en met alternatieven komen. Demissionair staatssecretaris Vivianne Heijnen (Infrastructuur) zet de deur wel op een kier voor de mogelijkheid om voor verschillende tijdstippen uiteenlopende prijzen te hanteren. De Kamer is er niet gerust op.
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De Amerikaanse toezichthouder FTC vindt dat techreus Amazon schuldig is aan monopoliegedrag. Die sleept daarom het bedrijf voor de rechter, samen met zeventien staten.
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Werknemers krijgen geen wettelijk recht op thuiswerken. De wet Werken waar je wilt werd dinsdag door de Eerste Kamer verworpen. Op ons discussieplatform NUjij was daarover veel discussie. Daarom is vandaag de stelling: 'Als ik thuiswerk ben ik productiever dan op kantoor.'
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Probable Maximum Loss (PML) is the maximum loss that an insurer would be expected to incur on a policy. It's a standard calculation in underwriting.
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The savings account at Apple Bank offers competitive rates, but are they competitive enough? We reviewed Apple Bank so you can decide if the bank is right for you.
( 21
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Bask Bank offers an attractive pair of savings accounts: One is a typical high-yield savings account, but the other earns American Airlines AAdvantage miles. See if Bask Bank makes sense for your money.
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Today's best CD rates are 5.80% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
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Capital One savings account interest rates are higher than average, and the bank doesn’t charge monthly maintenance fees or have a minimum deposit requirement.
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Charles Schwab savings account interest rates are higher than the national average, and it doesn’t have monthly fees or minimum deposit requirements.
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The utility function can be used to derive the demand function, and both of these concepts relate to utility maximization.
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min )
At sight is a form of payment due on demand when presented with required documentation.
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Chime’s high-yield savings account doesn’t charge a fee or require a minimum deposit. Learn more about Chime savings account interest rates and other features.
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The list of the 500 companies that make up the S&P 500 is called its constituent list and includes many well-known names.
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A commodity index is an investment vehicle that tracks a basket of commodities to measure their price and investment return performance.
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The key rate is a benchmark interest rate that determines bank lending rates and the cost of credit for borrowers.
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min )
Shoppers squeezed by inflation and high interest rates on car loans are snapping up new, cheaper vehicles and leaving pricier ones on dealer lots.
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U.S. equities plunged and the S&P 500 Index dropped 1.5% on Tuesday, Sept. 26, 2023 after consumer confidence and new home sales figures came in lower than anticipated.
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E*TRADE savings account interest rates can't compete with the best, but high-net-worth individuals can benefit from its higher FDIC insurance coverage.
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Reintermediation has two meanings: money flowing back into bank deposits or the reintroduction of a middleman between a supplier and a customer.
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Through Lending Club’s high-yield savings accounts, you can earn a higher-than-average APY with no monthly service fees. All you need to get started is $100.
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United Natural Foods posted a loss for the fourth fiscal quarter of 2023, and its full-year guidance was well short of estimates.
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Marcus by Goldman Sachs only offers a few account types, but what it does offer, it does well. Learn how you can benefit from its online high-yield savings account.
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"It's not what you know, but who you know," might be true. Here's a look at why connections are critical in business and job searches and how to establish them.
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Immunovant shares virtually doubled in value after the biopharmaceutical company reported positive results from a Phase 1 trial of its experimental autoimmune disease treatment.
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min )
An aggregate mortality table is a tool that helps actuaries and other insurance professionals gather key data regarding death rates.
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A public company's ownership is distributed among general public shareholders through publicly-traded stock shares. It must undergo a process known as an IPO.
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The debt ceiling is a limit that Congress imposes on the amount that the federal government can owe. Discover the current debt ceiling and its economic impact.
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A mutual insurance company is owned by policyholders. Its sole purpose is to provide insurance coverage for its members and policyholders.
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Women’s out-of-pocket healthcare collectively costs $15.4 billion more a year than men’s, a Deloitte report said.
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Implied authority refers to an agent with the jurisdiction to perform acts which are reasonably necessary to accomplish the purpose of an organization.
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State Farm is more than just an insurance company. It offers banking services and competitive interest rates for its savings account.
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You can earn a higher-than-average APY with a TD Bank savings account. But TD Bank only offers the highest interest rates on accounts with high balances.
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min )
The Community Development Financial Institutions (CDFI) Fund promotes economic revitalization in distressed communities with financial assistance.
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AA+ is the second-highest bond rating assigned by rating agency S&P while Aa1 is the equivalent from Moody's. Both signify a low-risk investment.
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A type of personal liability coverage, an umbrella insurance policy handles claims that exceed what your homeowners or auto insurance will cover.
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min )
The PC monitor market continued to struggle in the second quarter, but showed some signs a recovery could be near, according to tech research firm International Data Corporation.
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min )
Consumer confidence dropped in September as high gas prices and high interest rates made people more pessimistic about the trajectory of the economy.
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min )
Wells Fargo offers two types of savings accounts, but the rates are low unless you carry a large balance.
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A savings account is an essential part of your financial toolbox. Learn about Ally Bank savings accounts and their rates and decide if they are a fit for you.
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min )
U.S. equities sank at midday on Tuesday, Sept. 26, 2023, after reports on consumer sentiment and new home sales fell short of expectations.
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min )
After hitting a new 22-year high last week, 30-year mortgage rates are sitting lower. Most averages were relatively flat, though the 15-year average rose to a new peak.
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Shares of Fisker jumped after the electric vehicle maker announced it was ramping up deliveries, and will likely exceed its guidance for 2023.
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In part one of a five-part series, student loan borrowers navigate the new repayment plans as they look ahead to Oct. 1.
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If you want to learn how to pay off a personal loan faster with a calculator, there are a few ways to use it to find out what works best for you.
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min )
Personal loan rates dipped to 20.92% this week, losing 9 basis points since last week when the average personal loan rate stood at 21.01%.
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min )
Amid heightened political scrutiny and a strike by the United Auto Workers union, Ford said it will put on hold its $3.5 billion electric vehicle battery plant in Michigan.
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Ahead of the first oral arguments on Oct. 2, here are cases the Supreme Court will hear this year affecting taxes, the power of federal regulators, and other issues potentially affecting your finances.
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A basing point pricing system requires buyers to pay a base price, plus a set shipping fee depending on their distance from a specific location.
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Learn what you need to do to turn your property into a rental property.
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The add to cash value option is a life insurance feature that allows dividends to be reinvested into the policy's cash value.
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Today's best CD rates are 5.80% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
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Investors appear skeptical that the transaction will go through along the lines John Malone's investment company has proposed.
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min )
Stocks have suffered a rough September, with the S&P 500 dropping from 4,516 at the month's start to 4,275. Look out below?
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"The documents here clearly contain fraudulent valuations that defendants used in business," Judge Engoron wrote in his ruling, ordering Trump's New York business certificates canceled.
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Drugmaker Eli Lilly convinced a federal judge in Massachusetts on Tuesday to overturn a $176.5 million jury verdict for Teva Pharmaceutical that found Lilly's migraine drug Emgality infringed three patents related to Teva's rival drug Ajovy. U.S. District Judge Allison Burroughs said in a post-trial ruling that the Teva patents covering the use of antibodies to inhibit headache-causing peptides were invalid. "The Court does not reach this decision nor overturn a jury verdict lightly," Burroughs said.
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All energy comes with a cost. Fossil fuels, the world’s mainstay, have a high pollution footprint and a dangerous environmental impact, while solar and wind power, frequently touted as options in lieu of hydrocarbons, have extremely low energy densities, intermittent energy production, and a high dollar-cost for installation. This has engineers seeking out alternatives to both, and hydrogen fuel is frequently touted as just such an alternative. Hydrogen solves the problems inherent in fossil fue
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Shares of retailer Costco Wholesale fell after the company reported earnings following Tuesday's market close.
The shares dipped around 1.3% in after hours trading after falling 1% in the regular session. Here's Costco's fiscal fourth-quarter results compared to Wall Street expectations, according
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min )
(Bloomberg) -- Tesla Inc. Chief Executive Officer Elon Musk blasted the United Auto Workers Tuesday, saying the union’s demands would “drive GM, Ford and Chrysler bankrupt in the fast lane.” Most Read from BloombergRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownDimon Warns 7% Fed Rate Still Possible, Times of India SaysIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesApple’s $59 Fake-Suede iPhone Case Is Its Biggest Dud of 2023FCC Aims
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Higher interest rates, which were supposed to be a savior for the sector, have instead led to many problems.
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Despite heavy investments in security, the company continued to face "fundamental challenges" to running the stores safely, the retailer said. It operates nearly 2,000 stores across the United States. "We cannot continue operating these stores because theft and organized retail crime are threatening the safety of our team and guests, and contributing to unsustainable business performance," Target said in a statement.
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Investors appear skeptical that the transaction will go through along the lines John Malone's investment company has proposed.
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min )
In response to rising gasoline price concerns, Tai Milder, the director of California's Division of Petroleum Market Oversight (DPMO), has sent a four-page letter to Governor Gavin Newsom and legislative leaders in Sacramento. Milder's division reviewed recent data, revealing that some refineries failed to maintain adequate gasoline levels or import enough fuel to compensate for production shortfalls during the summer. These supply disruptions have contributed to the surge in prices and planned
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The S&P 500 could tank 20%, a wave of loan defaults could hit banks and commercial real estate, and a recession could set in next year, Byron Wien says.
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The reduction comes as the Clayton giant confronts "headwinds" from two federal government programs.
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min )
The Covid trade is out.
Investors have piled into bets against Novavax, the struggling vaccine developer that was late to market with i
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min )
With the S&P 500 up so much this year, investors might expect a stretch of continued gains. But that is far from a sure thing.
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Legendary investor Warren Buffett doesn't easily fall for trends or fads. That's why Wall Street took notice when the legendary investor started pouring billions into Apple Inc. His firm, Berkshire Hathaway Inc., first acquired Apple stock in 2016. Since then, that investment has ballooned to $110 billion, constituting nearly 40% of the firm's equity portfolio. Ready to supercharge your investment game? Discover exclusive opportunities in the world of startups that you won’t find anywhere else!
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Truist's William Stein reaffirmed his Buy ratings for Nvidia and Monolithic Power Systems and his price targets for both stocks.
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min )
Caterpillar, one of the largest employers in Sanford, paid $21 million to buy a shuttered factory. Is an expansion next?
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min )
Credit cards and mobile apps won’t pay for much in a power outage.
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Dubbed the Oracle of Omaha, Warren Buffett is renowned for his simple and frugal lifestyle. Despite being the sixth richest person globally, with a net worth estimated at $117.9 billion, Buffett continues to live in the same modest home in Omaha that he purchased in 1958 for just $31,500. Adjusted for inflation, that amount today would be approximately $328,990.80, a mere 0.000279% of his total net worth. Buffett has consistently ranked the purchase of his home as the third-best investment he ha
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min )
Mercedes Wedaa, a former housekeeper for Amazon.com Inc. Founder Jeff Bezos, filed a lawsuit against him and two companies responsible for managing his properties. The lawsuit, filed in November 2022 in Seattle, claims that she and other employees worked in unsafe and unsanitary conditions for extended 14-hour shifts without breaks. According to Wedaa, she was hired in 2019 with the requirement that she "work around a family without being seen." Trending: Until 2016 it was illegal for retail inv
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Amid heightened political scrutiny and a strike by the United Auto Workers union, Ford said it will put on hold its $3.5 billion electric vehicle battery plant in Michigan.
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min )
Shares of Sirius XM fell after its majority proposed combining the company with the group of tracking stocks that holds Liberty's existing stake in the satellite-radio operation.
Sirius stock fell about 10% in early trading. Liberty's Class A tracking stock was up about 8%.
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In the world of stock markets, a well-known adage prevails: insiders may sell shares of their own companies for a myriad of reasons, but their decision to buy stock typically hinges on one belief – they believe the shares are set to rise. By insiders, we mean the corporate officers that sit on company boards and are the in-the-know types with access to the sort of information not available to the casual investor. By law, they are required to make their purchases public, thereby keeping the playi
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min )
The company pivoted to a loss in its fourth fiscal quarter, and management warned of continued challenges next year.
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min )
Fisker has made 5,000 all-electric Ocean SUVs so far this year. The electric-vehicle maker is on target to hit its guidance for the year.
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min )
Liberty Media owns a roughly 83% stake in Sirius XM, whose holdings span satellite radio, podcasts and the Pandora audio-streaming service.
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min )
J.P. Morgan analyst Joseph Greff upgraded shares of DraftKings to Overweight from Neutral.
( 22
min )
Do you have enough money to retire? There are many different ways to look at this, but the most common is to break it down simply: money in vs. money out. How much income can you generate from your retirement planning, and how much will you need to spend? Here, say that you have $1 […] The post I Have $1 Million in a 401(k) and Will Receive $2,500 Monthly From Social Security. Can I Retire at 65? appeared first on SmartReads by SmartAsset.
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The company pivoted to a loss in its fourth fiscal quarter, and management warned of continued challenges next year.
( 22
min )
(Bloomberg) -- With odds of a hard landing rising just as inflation is set to re-accelerate, this is the time for investors to offload their expensive growth shares in favor of value stocks, says Rob Arnott, founder of smart-beta pioneer Research Affiliates. Most Read from BloombergDimon Warns World Not Ready for 7% Fed Rate: Times of IndiaIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownC
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min )
The JPMorgan CEO spelled out what he sees as the worst-case scenario for the U.S. economy, and warned that not everyone would be able to withstand it.
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min )
↘️ Chip stocks including Nvidia (NVDA), ASML (ASML) and Micron (MU) traded down ahead of the opening bell, amid broader weakness in shares of big
( 22
min )
A recent C$4.6 billion capital raise by Enbridge and a raft of new U.S. deals have spurred optimism for a revival in Canadian equity capital markets (ECM) issuance, bankers and lawyers said. Enbridge's jumbo equity sale to finance a portion of its acquisition of three utilities from Dominion Energy propelled Canadian ECM issuance to a two-year high of C$6.7 billion ($5 billion) in the third quarter of this year, according to data from Refinitiv. "I think there is evidence out there that for the right transaction for the right reasons, investors will show up," said François Carrier, co-head of Desjardins Capital Markets.
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Pressuring equities, the benchmark two- and 10-year Treasury yields have scaled multi-year highs after the Fed's hawkish longer-term rate outlook, a stance also projected by other major central banks. Minneapolis Fed President Neel Kashkari on Monday noted the need for raising borrowing costs to tame inflation in light of a surprisingly resilient economy, while Chicago Fed chief Austan Goolsbee in a CNBC interview said inflation above 2% target remains a greater risk than the scope of a slowing economy.
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min )
Rivian Automotive could beat consensus for its third-quarter deliveries, according to Baird. Tesla faces a tougher challenge, but there are still reasons for optimism.
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min )
(Bloomberg) -- Alibaba Group Holding Ltd. said it will spin off Cainiao Smart Logistics Network Ltd., the logistics arm of its e-commerce empire, through an initial public offering in Hong Kong. Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesDimon Warns World Not Ready for 7% Fed Rate: Times of IndiaCostco Offers Members $29 Online Health Care VisitsIndia-Canada Clash Should Be a Wake-Up CallBonds Sink, S&P 500 Snaps Four-Day Losing Streak:
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min )
JPMorgan Chase made millions by keeping Jeffrey Epstein as a banking client. Now it faces a reckoning in federal court.
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The debacle at China Evergrande Group is heating up some of the nation's social media platforms with discussions about its fate. Some argued the penny stock is worth a punt before another bid to beat the drop. Others said bankruptcy may be inevitable. The drama took another turn for the worse when the developer's major onshore unit, Hengda Real Estate Group, failed to repay a 4 billion yuan (US$547 million) note on Monday, an obligation among US$327 billion of liabilities choking the homebuilder
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min )
(Bloomberg) -- Among the sticking points highlighted by United Auto Workers on strike are the billions of dollars Detroit’s legacy carmakers have plunged into stock repurchases.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesDimon Warns World Not Ready for 7% Fed Rate: Times of IndiaCostco Offers Members $29 Online Health Care VisitsIndia-Canada Clash Should Be a Wake-Up CallBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapNow, a
( 34
min )
Ford is pausing a $3.5 billion electric-vehicle battery plant, Thor Industries' fiscal 2024 outlook disappoints, and Costco is scheduled to report earnings Tuesday.
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min )
(Bloomberg) -- Shares in Asia slid while Treasury yields and the dollar rose in a sign investors are yet to fully recalibrate interest rate expectations.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesCostco Offers Members $29 Online Health Care VisitsBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapIndia-Canada Clash Should Be a Wake-Up CallDimon Warns World May Not Be Ready for Fed at 7%, TOI SaysEquity benchmarks for Japan, Au
( 34
min )
One year ago today, the British pound appeared headed for the once-unthinkable: parity with the U.S. dollar.
Sterling dropped to $1.035—its lowest level ever
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min )
(Bloomberg) -- Investors are souring on the technology-heavy Nasdaq 100 Index, building short positions in the futures market, according to Citigroup Inc. strategists. Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesDimon Warns World Not Ready for 7% Fed Rate: Times of IndiaCostco Offers Members $29 Online Health Care VisitsIndia-Canada Clash Should Be a Wake-Up CallBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapPositioning in
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min )
Asian shares mostly sank Tuesday over worries about a possible U.S. government shutdown and the troubled Chinese economy. Japan's benchmark Nikkei 225 index slipped 1.0% in afternoon trading to 32,357.25. Hong Kong's Hang Seng shed 0.9% to 17,576.83, while the Shanghai Composite fell 0.2% to 3,109.69.
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min )
(Bloomberg) -- Prices in China are recovering, according to an independent survey, providing more evidence that the worst may be over for the world’s second-biggest economy and easing fears of a Japan-style deflation for now.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesDimon Warns World May Not Be Ready for Fed at 7%, TOI SaysCostco Offers Members $29 Online Health Care VisitsBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapIn
( 31
min )
(Bloomberg) -- The world may not be prepared for a worst-case scenario of Federal Reserve benchmark interest rates hitting 7% along with stagflation, JPMorgan Chase & Co. CEO Jamie Dimon said in an interview with the Times of India in Mumbai. Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesCostco Offers Members $29 Online Health Care VisitsBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapIndia-Canada Clash Should Be a Wake-Up Cal
( 33
min )
The Detroit automaker is changing its strategy after China EV sales suffered from marketing and sales missteps.
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min )
For families who don’t need to borrow, higher rates might not affect daily life. But for those who do, higher rates are really starting to hurt.
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min )
A worker shortage and high energy prices in the country pose challenges for the U.S. company’s planned semiconductor factory.
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min )
(Bloomberg) -- Private equity firms have been increasingly adding another layer of debt to their complex borrowing arrangements, raising concern among some investors about potential risks to the wider industry and the financial system.Most Read from BloombergDimon Warns World Not Ready for 7% Fed Rate: Times of IndiaIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesCostco Offers Members $29 Online Health Care VisitsIndia-Canada Clash Should Be a Wake-Up CallBonds Sink
( 35
min )
After a volatile end to the summer, can investors look forward to a gentler autumn? There is some reason to hope so, according to Sharmin Mossavar-Rahmani, chief investment officer of wealth management at Goldman Sachs. This year, as the S&P 500 rebounded from the 19% loss it sustained in 2022, Mossavar-Rahmani has seen her bullish position vindicated, and she believes recent earnings trends and the receding probability of a recession promise further gains to come. In an interview with Barron’s,
( 36
min )
De NS moet de omstreden spitsheffing opnieuw overwegen en met alternatieven komen. Wat betreft het hanteren van verschillende prijzen op verschillende tijdstippen laat demissionair staatssecretaris Vivianne Heijnen (Infrastructuur) de deur wel op een kier staan. De Kamer is er niet gerust op.
( 4
min )
JPMorgan Chase heeft in een rechtszaak over oud-klant Jeffrey Epstein een schikking van 75 miljoen dollar getroffen met de Amerikaanse Maagdeneilanden. De eilandengroep had de zaak aangespannen omdat de bank jarenlang zorgelijke signalen over de steenrijke zedendelinquent negeerde.
( 3
min )
Een ruime meerderheid in de Tweede Kamer is tegen de invoering van een spitsheffing door de NS. Het openbaar vervoer in Nederland is al duur genoeg, zeggen verschillende partijen dinsdag tijdens een debat over de zogenoemde hoofdrailnetconcessie.
( 4
min )
Werknemers krijgen geen wettelijk recht om thuis te werken. Een meerderheid in de Eerste Kamer heeft de Wet werken waar je wilt dinsdag verworpen. In de praktijk verandert er weinig, aangezien veel bedrijven al afspraken maken met werknemers.
( 5
min )
Werknemers krijgen geen wettelijk recht om thuis te werken. Een meerderheid in de Eerste Kamer heeft de Wet werken waar je wilt dinsdag verworpen. In de praktijk verandert er weinig aangezien er bij veel bedrijven al afspraken worden gemaakt met werknemers.
( 5
min )
Wie in een sociale huurwoning zit, betaalt volgend jaar mogelijk bijna 6 procent meer huur. Dat meldt demissionair minister voor Volkshuisvesting Hugo de Jonge dinsdag. In de vrije sector mogen de huren maximaal zo'n 5 procent worden verhoogd.
( 3
min )
De zorgverzekering van DSW wordt volgend jaar 11,50 euro per maand duurder. Andere zorgverzekeraars volgen waarschijnlijk met een flinke premiestijging. Vergrijzing, technologische mogelijkheden en loonstijgingen zorgen ervoor dat de zorgpremie ook de komende jaren blijft stijgen.
( 5
min )
Spaarders bij ABN AMRO krijgen vanaf 15 oktober 1,5 procent rente op hun spaargeld. Het gaat hierbij om vrij opneembaar tegoed. Dat heeft de bank dinsdag bekendgemaakt.
( 3
min )
Italiaanse boeren kiezen er steeds vaker voor om mango's, bananen en avocado's te verbouwen. Door klimaatverandering is de temperatuur in Italië steeds geschikter voor de tropische vruchten, al komen er ook risico's bij kijken.
( 3
min )
Wetenschappers keken er al zeven jaar naar uit en zondag was het zover. Ruimtevaartuig OSIRIS-REx leverde zijn pakketje met ongeveer 250 gram aan stof en gruis van ruimterots Bennu op aarde af. Waarom zoveel moeite voor zo'n klein beetje materiaal?
( 4
min )
Wetenschappers keken er al zeven jaar naar uit en zondag was het zover. Ruimtevaartuig OSIRIS-REx leverde zijn pakketje met ongeveer 250 gram aan stof en gruis van ruimterots Bennu op aarde af. Waarom zoveel moeite voor zo'n klein beetje materiaal?
( 4
min )
Werknemers krijgen geen wettelijk recht om thuis te werken. Een meerderheid in de Eerste Kamer heeft de Wet werken waar je wilt dinsdag verworpen.
( 4
min )
Reisorganisatie Vacansoleil heeft dinsdag uitstel van betaling aangevraagd bij de rechtbank Oost-Brabant. Het bedrijf, dat campingvakanties regelt, gaat gebukt onder hoge schulden die het niet meer kan terugbetalen.
( 3
min )
De rechtbank in Amsterdam heeft Big Bazar failliet verklaard, meldt de rechtbank dinsdag. De koopjesketen kampte met geldproblemen en kreeg steeds meer klachten over onbetaalde rekeningen.
( 4
min )
Luchthaven Schiphol heeft weer een natuurvergunning gekregen waardoor stikstof mag worden uitgestoten. Volgens demissionair stikstofminister Christianne van der Wal heeft Schiphol genoeg stikstofmaatregelen getroffen.
( 3
min )
Het doek is definitief gevallen voor koopjesketen Big Bazar. De rechtbank in Amsterdam heeft dinsdagochtend het faillissement uitgesproken.
( 2
min )
Kredietverzekeraar Atradius verwacht dat dit en volgend jaar veel bedrijven failliet zullen gaan. Mogelijk gaan in 2023 maar liefst 52 procent meer ondernemingen op de fles. Bedrijven worstelen met de dure energie, de hoge rente en de coronaschuld die ze moeten afbetalen.
( 4
min )
Stockfotowebsite Getty Images komt met een AI-hulpmiddel waarmee gebruikers zelf foto's kunnen genereren. De kunstmatige intelligentie achter het programma is getraind met rechtenvrije foto's uit de Getty-beeldbank. Daardoor schenden de gegenereerde beelden geen auteursrechten.
( 4
min )
Gokkers die in de eerste helft van dit jaar naar het casino zijn getrokken, hebben op een avond gemiddeld 138 euro uitgegeven. Dat is 10 euro minder dan een jaar eerder, blijkt uit nieuwe cijfers van Holland Casino. Het bedrijf ziet wel meer gokkers komen.
( 4
min )
De Surinaamse economie klimt uit een diep dal door stevige economische hervormingen. Het Internationaal Monetair Fonds (IMF) complimenteert de regering in Paramaribo met de aanpak. "De inflatie is nog hoog, maar ook die daalt", zegt IMF-directeur Kenji Okamura.
( 3
min )
Huurders hebben in de afgelopen jaren vaker vast gezeten in dure huurwoningen omdat de hypotheeknormen strenger zijn geworden. Ze konden geen huis meer kopen en waren dus aangewezen op prijzige huurwoningen. Verhuurders profiteerden, concluderen onderzoekers van het Centraal Planbureau (CPB).
( 4
min )
Zorgverzekeraar DSW verhoogt de zorgpremie voor 2024 met 11,50 euro naar 149 euro per maand. Deze eerste zorgpremie zet doorgaans de toon voor andere zorgverzekeraars. De grootste premiestijging sinds 2006 komt volgens DSW door hogere lonen, inflatie en extra zorgvraag.
( 6
min )
Zorgverzekeraar DSW verhoogt de zorgpremie voor 2024 met 11,50 euro naar 149 euro per maand. Deze eerste zorgpremie zet doorgaans de toon voor andere zorgverzekeraars. De grootste premiestijging sinds 2006 komt volgens DSW door hogere lonen, inflatie en extra zorgvraag.
( 6
min )
Apple-directeur Tim Cook bracht maandag in het geheim een bezoek aan chipmaker NXP in Eindhoven. NU.nl was erbij. De bijeenkomst ging onder meer over de toekomst van NFC-chips, het belang van Europa voor Apple en de klimaatdoelen van het bedrijf.
( 5
min )
Ford's decision to pause construction on an EV battery plant will reverberate throughout the U.S. auto industry.
( 22
min )
Where the boom fueled expansion of biotech real estate in the Bay Area as developers looked to book up-and-coming companies, a protracted bust has underscored that scientific data select their own winners and losers. Here's the latest example in South City.
( 25
min )
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Today's best CD rates are 5.80% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
( 21
min )
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A German court ruled that Netflix is infringing on a Broadcom patent in the country and has ordered the company to stop streaming video in the country using Broadcom's technology.
( 18
min )
HSBC analysts initiated coverage of hydrogen technology stocks Plug Power, Bloom Energy, and Chart industries at Buy.
( 22
min )
Republicans in Congress have been probing Ford's battery plant in Michigan using technology from CATL, the world's largest battery maker. "We are pausing work and limiting spending on construction on the Marshall project until we’re confident about our ability to competitively operate the plant," Ford said Monday.
( 31
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At age 99, Charlie Munger, vice chairman of Berkshire Hathaway Inc. and a Daily Journal board member, is a man many are eager to listen to. People tend to hang on to his every word like gospel. His decades of experience in investing, governance and law have given him a unique perspective on business and life, making his insights invaluable to anyone seeking wisdom. Don’t Miss: Goldman Sachs says: Portfolio(s) with a slice of real assets [like art] performed even better than the 60/40 over the lo
( 34
min )
Berkshire Hathaway's HP stake has plunged in value from $5.5 billion to about $3 billion, reflecting its share sales and a 35% drop in the stock.
( 32
min )
(Bloomberg) -- As the cross-asset selloff engulfed Wall Street last week, hedge funds ramped up their bets against stocks while one measure of their market positioning plunged the most since the March 2020 crash.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapCostco Offers Members $29 Online Health Care VisitsIndia-Canada Clash Should Be a Wake-Up CallEx-Wall Streeters Help Washing
( 34
min )
On Friday, the United Auto Workers union announced it is expanding its strike against General Motors (NYSE: GM) and Stellantis (NYSE: STLA) while significant progress has been made in negotiations with Ford Motor (NYSE: F).While some fears eased no additional factories will be added besides the three assembly facilities that are already on strike, which are Ford truck plant in Wayne, Michigan, GM plant in Wentzville, Missouri and the Stellantis in Toledo, the deepening of the strikes is aiming a
( 35
min )
Chipotle, Draftkings, Lam Research and eight other stocks may be underappreciated by investors, according to a screen run by Citi analysts.
( 22
min )
(Bloomberg) -- The largest long-dated bond ETF is suffering its biggest drawdown on record as the Federal Reserve’s higher-for-longer interest rates start to sting. Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesIndia-Canada Clash Should Be a Wake-Up CallStocks Edge Up, Bonds Sink as Fed Talk Digested: Markets WrapChinese Gold Buying Is Driving a Paradigm Shift in BullionStudios’ Labor Focus Shifts to Actors With Writers Deal ClinchedThe $39
( 33
min )
The three-person team joins J.P. Morgan Private Bank in Seattle.
( 22
min )
Honeywell is investing in ESS Tech, an iron flow battery company that can provide backup power storage for utilities.
( 22
min )
The labor strikes that have crippled Hollywood for the last five months may finally be coming to an end. Some investors aren’t clapping.
A tentative deal between the
( 25
min )
Borrowers are feeling the financial strain.
( 33
min )
The U.S. stock market already showed solid gains in 2023, with the S&P 500 climbing 13%. While momentum seems to have slowed as stocks pulled back recently, Bank of America believes there's more upside on the horizon. On Sept. 20, the bank raised its year-end price target on the S&P 500 from 4,300 to 4,600. Considering that the benchmark index currently sits at 4,320, the new target implies a potential upside of 6.5%. Don’t Miss: Passive income investments are one of the most trusted methods for
( 33
min )
An 85-year-old Indiana-based trucking and logistics company and its affiliates recently filed for Chapter 11 bankruptcy protection less than nine months after it was acquired by private-equity firm Transport Acquisitions. The post 85-year-old Indiana trucking company files for Chapter 11 appeared first on FreightWaves.
( 32
min )
The UAW has highlighted executive pay raises at the Big Three. By one measure—the ratio of the CEO’s pay to the median worker’s—automakers have a wider pay gap than most large companies.
( 30
min )
One terminal of trucking giant Werner filed to join the Teamsters union. Teamsters said key organizers were terminated afterward. The post Werner subsidiary fires 4 truck drivers after union petition filing appeared first on FreightWaves.
( 33
min )
US chip-major Qualcomm (NASDAQ:QCOM) has refuted claims of shutting down its research and development (R&D) facility in Shanghai, China, despite admitting to plans for downsizing due to economic uncertainties and wavering demand. The company clarified its position on Monday, emphasizing that there are no plans for large-scale job cuts at the Shanghai facility, which employs nearly 393 employees.
( 32
min )
While no one has a definitive answer to the question “How long will you live?”, coming up with an educated, realistic estimate goes a long way toward building a retirement plan that assures income security. Unfortunately, most U.S. adults lack what a new survey calls “longevity literacy,” a deficiency that can be a major retirement planning […] The post How Long Will You Live? Most People Don’t Account for This Retirement Data appeared first on SmartReads by SmartAsset.
( 33
min )
The U.S. stock market showed impressive gains in 2023, and the latest gross domestic product (GDP) figure exceeded expectations. But according to "Rich Dad Poor Dad" author Robert Kiyosaki, the picture might not be as rosy as it appears. "Don't they know the stock market is up because Biden raised debt ceiling. America's debt is going up ... so stock market going up," he wrote in a recent tweet. "America is broke." The author's concern about America's escalating debt was echoed by Fitch Ratings.
( 33
min )
A 529 Rollover to a Roth IRA is a financial strategy where an individual transfers funds from a 529 college savings plan, designed to pay for educational expenses, into a Roth IRA. This is a retirement savings account that offers tax-free growth and withdrawals. While it might be a good opportunity to transfer leftover 529 […] The post Pros and Cons of a 529 Rollover to a Roth IRA appeared first on SmartReads by SmartAsset.
( 34
min )
Forecasts for deliveries in the third quarter are due in a few days. Expectations have been falling, but the number still might miss the Wall Street consensus.
( 22
min )
In the absence of crypto-native catalysts, traders are likely to focus on the same macroeconomic data releases this week that will move the stock market.
( 21
min )
Guggenheim analyst John DiFucci upgraded shares of Microsoft to Neutral from Sell.
( 22
min )
Huawei is out to prove it is in the vanguard of Beijing’s drive for self-reliance in technology.
( 29
min )
Almost three-quarters of all seaborne Russian crude oil managed to get shipped without Western insurance in August, per a Financial Times analysis.
( 33
min )
(Bloomberg) -- Hedge fund managers are piling into short positions in ESG stocks as they hunt for bogus green claims and valuations inflated by record stimulus.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesChinese Gold Buying Is Driving a Paradigm Shift in BullionIndia-Canada Clash Should Be a Wakeup CallBonds Resume Selloff as Hawkish Fed Talk Sinks In: Markets WrapHollywood Screenwriters Reach Tentative Deal to End StrikeBloated prices ca
( 33
min )
Channel 4's chief exec blames social media and the pandemic for Gen Z’s deficiency in essential workplace diplomacy.
( 33
min )
(Bloomberg) -- Amazon.com Inc. will invest as much as $4 billion in Anthropic, bagging a crucial partner in its effort to become a major player in generative artificial intelligence and offering a vote of confidence in the hot startup.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionIndia-Canada Clash Should Be a Wakeup CallIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesWells Fargo Preps for Wealth Battle After $1 Billion Turnaround
( 33
min )
(Bloomberg) -- Microsoft Corp lost its only sell rating on Monday as Guggenheim upgraded its view on the software giant to neutral, citing a tailwind from generative artificial intelligence.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesChinese Gold Buying Is Driving a Paradigm Shift in BullionIndia-Canada Clash Should Be a Wakeup CallHollywood Screenwriters Reach Tentative Deal to End StrikeStocks Fall as German Yield Climbs to 2011 High: M
( 32
min )
The complaints come after investors switched following Schwab’s acquisition.
( 26
min )
“I knew more than anyone else about insurance risks,” Rowan recalls of his first foray into the industry. His understanding of the market led him to marry the firm he founded to a profitable insurer.
( 33
min )
P&G hit back against criticism from a group of shareholders behind a "vote no" campaign against the reelection of the company’s leaders, including CEO and Chairman Jon Moeller.
( 21
min )
Are you a thriving star, committed and reliable, or mildly disengaged? Here's the breakdown of the employee disengagement spectrum as RTO season kicks off.
( 34
min )
Investors in the shares of Chinese property companies just can't catch a break.
China Evergrande Group gave them more bad news to digest last week, when it [scrapped a debt restructuring deal](https://www.wsj.com/articles/evergrande-scraps-35-billion-restructuring-plan-as-chinas-housing-crisis-inte
( 22
min )
The U.S. securities regulator has collected thousands of staff messages from more than a dozen major investment companies, escalating its probe into Wall Street's use of private messaging apps, said four people with direct knowledge of the matter. Previously, the Securities and Exchange Commission (SEC) had asked the companies to internally review the messages in its investigation of Wall Street's use of WhatsApp, Signal and other unapproved messaging apps to discuss work. While Reuters and other media have reported that the SEC's "off-channel" communication probe has expanded to investment advisers, its move to review thousands of their staff messages has not previously been reported.
( 33
min )
It's a now-familiar dance: Federal Reserve officials signal to the world that interest rates are not dropping anytime soon. Financial markets respond with bets to the contrary. Forecasts published on Wednesday by the U.S. central bank showed that a majority of its policymakers see the Fed's benchmark overnight interest rate ending this year at 5.6%, which implies one more interest rate hike in the next three months.
( 33
min )
Wall Street doubts Google will pull its business, but the stock’s big run has made the chip maker more sensitive to market fears.
( 26
min )
Options are derivatives that give the purchaser the right to buy or sell the underlying at a pre-determined price at a later date. Quarterly options settlements are closely watched by traders.
( 33
min )
↗️ Warner Bros. Discovery (WBD), Paramount Global (PARA), Walt Disney (DIS): Shares of entertainment companies rose premarket after writers, stud
( 22
min )
A relentless climb brings the 10-year Treasury note’s yield near 4.5%.
( 27
min )
(Bloomberg) -- Consumer stocks, one of the brightest corners of the market this year, are about to lose their shine as risks build for the sector, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesIndia-Canada Clash Should Be a Wakeup CallWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundHollywood Screenwriters Reach Tentative Dea
( 33
min )
Canadian labor union Unifor announced Sunday its members voted to ratify a three-year contract with Ford Motor, which includes gains in wages and pension plans.
( 33
min )
Media stocks rise as striking writers reached a tentative agreement with Hollywood studios that would end a monthslong strike, while Amazon will be investing up to $4 billion in artificial-intelligence company Anthropic.
( 22
min )
Authorities in China have ordered a senior Nomura Holdings banker overseeing the firm's investment banking operations there not to leave the mainland, two sources with knowledge of the matter said. Charles Wang Zhonghe, China investment banking chairman at Nomura, is prohibited from travelling outside the mainland, said the sources, who sought anonymity as they were not authorised to speak to media. Wang was based in Hong Kong, his LinkedIn profile showed, though his nationality was not immediately known.
( 33
min )
The deal, which includes a broad partnership, follows Microsoft’s multibillion-dollar stake in rival startup OpenAI.
( 28
min )
The S&P Semiconductors Select Industry Index has topped both price-wise and on a relative basis. That bodes poorly for the sector.
( 21
min )
The exchange has been seeking to ensure that it can make money no matter what happens in the world of cryptocurrencies.
( 21
min )
(Bloomberg) -- Overseas investors continue to shun Philippine equities, unloading more than $370 million in a 24-day selling streak that helped sink the Philippine Stock Exchange Index to a 3.5% slump, the worst in Southeast Asia. Withdrawals in the five-week period through Friday pushed this year’s outflow to more than $552 million.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionIndia-Canada Clash Should Be a Wakeup CallWells Fargo Preps for Wealth Battle After
( 31
min )
Global markets have been feeling the heat as U.S. bond yields surged and a strengthened dollar hit a six-month high following the Federal Reserve's hawkish tone last week. The Federal Reserve indicated that rates would be higher for longer, while its counterparts in Britain, Switzerland and Japan were surprisingly dovish. The euro zone central bank also struck a relatively dovish tone.
( 31
min )
Oil’s rise has inspired fresh fears from Washington to Wall Street that energy could throw off central bankers’ attempted soft landing of the American economy.
( 27
min )
(Bloomberg) -- Chinese property shares dived Monday, as sentiment took a hit after distressed developer China Evergrande Group scrapped its key creditor meetings at the last minute and said it must revisit its restructuring plan.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionStocks Flash Recession Warning as Trouble Spreads to IndustrialsWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundIndia-Canada Clash Should Be a Wakeup CallBond Market Faces Qu
( 32
min )
Shares in Asia were mostly lower on Monday, with Tokyo the only major regional market to advance, after Wall Street wheezed to more losses with its worst week in six months. U.S. futures and oil prices edged higher. Worries over China’s property sector, a U.S. government shutdown and the continued strike by American autoworkers were weighing on investor sentiment.
( 34
min )
China Evergrande’s shares fell after the property developer scrapped a $35 billion debt-restructuring plan and said it is unable to issue new debt.
( 26
min )
(Bloomberg) -- China Evergrande Group is running out of time to get what would be one of the nation’s biggest-ever restructurings back on track, after setbacks in recent days that raise the risk of liquidation.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionStocks Flash Recession Warning as Trouble Spreads to IndustrialsWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundIndia-Canada Clash Should Be a Wakeup CallBond Market Faces Quandary After Fed Si
( 34
min )
(Bloomberg) -- Oil climbed for a second day as hedge funds piled on bets that tightening supplies will see a resumption of the rally after a pause last week.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionStocks Flash Recession Warning as Trouble Spreads to IndustrialsWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundBond Market Faces Quandary After Fed Signals It’s Almost DoneUS to Keep a Distance From India-Canada Dispute, Signum’s Myers SaysWest
( 32
min )
Bitcoin fell Monday morning in Asia to trade below US$26,300. Ether also dipped and remained below the US$1,600 mark. All top 10 non-stablecoin tokens dropped.
( 33
min )
(Bloomberg) -- Asian equities were poised for a cautious open while the dollar traded in narrow ranges versus its major peers early Monday as investors weighed the Federal Reserve’s higher-for-longer stance.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundStocks Flash Recession Warning as Trouble Spreads to IndustrialsBond Market Faces Quandary After Fed Signals It’s Almost DoneUS to Keep a Distance F
( 33
min )
No-load life insurance is an option where no commission is paid for initiating or servicing the policy.
( 22
min )
With I bond rates now much lower and cash-outs possible after one year, it's a smart time to move your money into one of today's historically high-paying CDs.
( 19
min )
A PLUS loan is a federal loan for higher education, available to parents of undergraduates and also to graduate and professional students.
( 25
min )
Today's best CD rates are 5.80% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.
( 19
min )
The S&P 500 snapped a four-day losing streak to finish 0.4% higher on Monday, Sept. 25, 2023 as oil prices fell below $90 a barrel, and ahead of a key inflation report due later in the week.
( 16
min )
The International Securities Association for Institutional Trade Communication (ISITC) is an organization promoting greater financial market efficiency.
( 19
min )
Denmark’s Novo Nordisk struck a deal with U.S.-based health tech firm Valo Health to use AI to discover and develop treatments for cardiometabolic diseases such as heart attack, stroke, and diabetes.
( 17
min )
A German court ruled that Netflix is infringing on a Broadcom patent in the country and has ordered the company to stop streaming video in the country using Broadcom's technology.
( 16
min )
Diana Henriques, author of the new book, Taming the Street: The Old Guard, The New Deal, and FDR's Fight to Save American Capitalism, joins the show to talk about how President Franklin Delano Roosevelt and a small group of men revolutionized Wall Street after the crash of 1929.
( 15
min )
Higher oil prices likely won't cause consumer spending and gross domestic product (GDP) to decline, Goldman Sachs analysts said in a research note, and not all analysts expect oil prices to remain high.
( 18
min )
Life expectancy is defined as the age to which a person is expected to live, or the remaining number of years a person is expected to live.
( 23
min )
Experts debate the effects raising the minimum wage has on workers, employers, and the overall job market.
( 25
min )
An inverse head and shoulders, also called a head and shoulders bottom or a reverse head and shoulders, is inverted with the head and shoulders top used to predict reversals in downtrends.
( 30
min )
Ford's deal with Canada's Unifor could add pressure on the Big Three automakers in ongoing negotiations with the striking United Auto Workers union in the U.S.
( 17
min )
Cash awards are awards given to employees in the form of money or another asset, such as stock, that can be turned in for cash.
( 20
min )
Cash wages are compensation for employees that come in the form of spendable money.
( 20
min )
An explanation of how traders can use the Commodity Channel Index (CCI) to evaluate buy and sell signals based on price trends over various timeframes.
( 27
min )
Bank of America warned that the boom in revenue growth for luxury-goods retailers as pandemic restrictions eased is over.
( 16
min )
The income effect is the impact of higher purchasing power on consumption, while the substitution effect measures how consumption is affected by changing income and prices.
( 20
min )
U.S. equities were mixed at midday on Monday, Sept. 25, 2023, with bond yields rising while oil prices lost ground.
( 18
min )
Jefferies warned that sales for Nike and other retailers could be hurt as the moratorium on student loan repayments ends.
( 17
min )
The securitization of mortgages into asset-backed securities fueled risk taking, and eventually brought Wall Street to its knees when the U.S. real estate bubble burst.
( 19
min )
Mean reversion is a financial theory positing that asset prices and historical returns eventually revert to their long-term mean or average level.
( 28
min )
Capitalism promotes free market conditions, whereas socialism incorporates certain elements of centralized economic planning.
( 36
min )
The U.S. Securities and Exchange Commission (SEC) on Monday fined DWS Securities, a subsidiary of Deutsche Bank (DB), a combined $25 million for misstatements regarding its ESG reporting and failure to set up an anti-money laundering program.
( 18
min )
Repayment is the act of settling a debt according to a loan's terms. typically through recurring payments over a set period of time.
( 28
min )
Carlos Slim Helú is one of the richest people in the world. Here's how the business magnate did it.
( 32
min )
The Supreme Court blocked the Biden-Harris administration's one-time student loan forgiveness plan. Is loan forgiveness off the table? New relief plans give a new avenue.
( 23
min )
Looking to be a holistic provider of AI solutions, Amazon is investing $4 billion into a startup founded by former OpenAI employees.
( 17
min )
Booking Holdings said Monday it plans to appeal EU regulators' veto of its acquisition of Etraveli Group, a Swedish online travel agency that specializes in tracking flights.
( 17
min )
Shares of major media companies fluctuated after Hollywood writers reached a tentative agreement with major studios, while actors continue to strike.
( 17
min )
In general, buying options is a less risky strategy than selling them -- although sellers can also take steps to mitigate their risk.
( 25
min )
Some electric car owners are now experiencing higher costs to power their vehicles than to fill up their gas-powered equivalents — if you calculate the costs a certain way.
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Most electric car owners charge their vehicles at home rather than at public charging stations. Here’s what you’ll pay for electricity and equipment.
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Household income, as defined by the Census Bureau, is the total gross income of all people occupying the same housing unit who are 15 years and older.
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Home warranties are service contracts that act like insurance to help pay to repair or replace appliances or systems that break down in your home. Learn how they work.
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Life insurance premium financing lets high net worth individuals buy costly insurance without liquidating assets, but there are risks involved.
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Find out how your life insurance policy can be a great tool for charitable giving.
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Commercial health insurance is health insurance provided and administered by public and private companies rather than by the government.
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There's a good chance you've heard of Fannie Mae but do you know what it does? Learn more about this government-sponsored enterprise and how it operates.
( 26
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The Federal Funds Rate and the London Interbank Offered Rate (LIBOR) are two of the most prominently featured interest rates in the U.S. and abroad.
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The physical notes or currency of a country that is used as a medium of exchange is known as paper money.
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The Fisher College of Business is the business school at Ohio State University, located in Columbus, Ohio.
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The Robinson-Patman Act is a federal law passed in 1936 to outlaw price discrimination. It amends the 1914 Clayton Antitrust Act.
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The Four Asian Tigers define the high-growth economies of Hong Kong, Singapore, South Korea, and Taiwan.
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The theory of price is an economic theory that states that the price of a good or service is based on the relationship between its supply and demand.
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Political lobbying is again at a heightened spend level, and again being criticized; making it important to remember lobbying's legality and importance.
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General Agreements to Borrow (GAB) was a lending medium offered through the International Monetary Fund by the Group of Ten countries.
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Ruim vier op de tien Nederlanders deden vorig jaar minimaal één keer vrijwilligerswerk. Dat aantal is nog altijd kleiner dan voor corona, toen bijna de helft van de Nederlanders zich weleens belangeloos inzette.
( 3
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Air France-KLM heeft een overeenkomst gesloten voor de levering van vijftig nieuwe vliegtuigen van Airbus. Het gaat om het type A350, dat volgens KLM geldt als "het zuinigste en stilste model van zijn generatie".
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Netbeheerder TenneT heeft een raamovereenkomst getekend met een totaalwaarde van 1,9 miljard euro voor de levering van compensatiespoelen en vermogenstransformatoren aan Nederland en Duitsland. De spoelen en transformatoren zijn volgens TenneT nodig voor de optimalisatie en het onderhoud van het hoogspanningsnet.
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Scrubbolletjes, rubberkorrels voor kunstgrasvelden en andere moedwillig toegevoegde zogeheten microplastics worden in de Europese Unie verboden. De Europese Commissie wil tegengaan dat de minuscule plasticdeeltjes in de natuur terechtkomen en de gezondheid van mens en dier schaden.
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De NS wil reizigers tegemoetkomen met een compensatie als ze geen andere keuze hebben dan reizen tijdens de spits. De spitsheffing heeft niet als doel om meer geld in het laatje van de NS te brengen, benadrukt het spoorbedrijf.
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Big Bazar krijgt van de rechter opnieuw niet meer tijd om afspraken te maken met schuldeisers. De advocaat van de keten gaat ervan uit dat dinsdag het faillissement wordt uitgesproken.
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LEGO schrapt een plan om legosteentjes te gaan maken van gerecyclede plastic flessen. In plaats daarvan wil de Deense speelgoedfabrikant ander materiaal zoeken om de CO2-uitstoot mee terug te dingen.
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Booking.com mag het Zweedse online reisbureau Etraveli niet overnemen. Dat maakte de Europese Commissie maandag bekend. De overname zou Booking te machtig maken.
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Veel Amerikaanse overheidsdiensten dreigen over enkele dagen te moeten sluiten omdat er geen geld meer voor is. Om dit te voorkomen moet de politiek overeenstemming bereiken over het aangaan van nieuwe schulden, maar dat akkoord laat op zich wachten.
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De Consumentenbond stapt naar de rechter vanwege de beperkte geldigheid van de hotelvouchers van Fletcher Hotels. Ook is het bedrijf volgens de bond niet eerlijk over het aanbod en de verplichte kosten die bij een overnachting komen kijken.
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Wie in de spits reist, betaalt in de toekomst mogelijk 2,50 euro extra voor zijn treinrit. Met deze spitsheffing, die alleen moet gelden op drukke trajecten, wil de NS reizigers stimuleren om op andere momenten te reizen.
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De opleiding tot rijleraar trekt een groot aantal zijinstromers die eerder in de horeca, sales of in een winkel werkten. Al die zijinstromers zijn zeer welkom, nu de vergrijzing onder rijinstructeurs toeslaat.
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Op NU.nl vind je elke dag een stelling die bij het nieuws past. Steeds meer bedrijven proberen bij het maken van chocola zoveel mogelijk slaafvrije cacao te gebruiken. Na Tony's Chocelonely, Ben & Jerry's, PLUS en Albert Heijn gaat de HEMA slaafvrije chocola gebruiken, in dit geval bij de paaseitjes. Vandaag is de stelling: 'Ik koop alleen maar chocola van eerlijke cacao.'
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KLM heeft met pilotenvakbond VNV een cao-akkoord op hoofdlijnen gesloten. Daardoor gaat een geplande werkonderbreking van de vliegers maandag niet door, stelt de luchtvaartmaatschappij.
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HEMA stapt over op cacaoboeren die zijn aangesloten bij een netwerk dat zich inzet tegen de uitbuiting in de cacao-industrie. In de loop van volgend jaar moeten alle HEMA-chocolaatjes gemaakt worden van traceerbare cacao.
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Onze buurlanden zorgen dit jaar voor veel toerisme. De grootste stijging komt uit het oosten: maar liefst zeven miljoen mensen uit Duitsland trekken de grens naar Nederland over.
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Before you obtain a real estate license in Florida, you will need to complete specific coursework, take an exam, and pass a background check.
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Retirement expenses such as health insurance, home renovations, and a new car could drain your funds if you don't plan for them now.
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Real estate agents in New York are among the highest paid in the nation.
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One of the most important topics in retirement is Medicare. Here is the lowdown on how it works and what it may cost you.
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The Employment Cost Index (ECI) is a quarterly economic series that measures the growth of total employee compensation.
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Price to tangible book value (PTBV) measures a company's market value relative to the hard or tangible assets reported on its balance sheet.
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These techniques can help you pass the Series 6 exam without the added stress. Here are six tips to get you ready.
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From stimulus checks to quantitative easing, here’s what governments and central banks are doing around the world to provide stimulus and relief.
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Unfair trade practice refers to the use of various deceptive, fraudulent, or unethical methods to obtain business.
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Investment banks provide financial advice to businesses and governments and help them raise capital through the sale of stocks, bonds, and other products.
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The Sick Industrial Companies Act (SICA) was a key piece of legislation introduced in 1985 to deal with the issue of rampant industrial sickness in India.
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Former congresswoman Marcia Fudge is the current U.S. secretary of Housing and Urban Development (HUD).
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Brady might have hung up his jersey for good, but the 7x Super Bowl champion is plenty busy off the field. Brady has a net worth of $300 million, according to Celebrity Net Worth, thanks to his decades-long career as a star quarterback in the NFL, and a series of lucrative businesses and investments in sports teams.
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If you’re completely financially independent from your parents since you were a kid, you’re firmly in the minority.
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In 1985, the G-5 nations signed an agreement to devalue the United States currency and correct the GDP. It worked, but there were casualties.
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One in five retirees is working for financial and mental benefits, according to a T. Rowe Price study.
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The Caribbean Free Trade Association (CARIFTA) is a multilateral free-trade area composed of Caribbean nations and dependencies that existed from 1965 to 1972.
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Understand how difficult it is to break into the field of private equity, and increase your chances by preparing early and following these tips.
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Convertible preferred stock is a hybrid security that gives holders the option to convert their preferred stock into common shares after a defined date.
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If you are pondering a midlife career change that involves a transition into finance, then here are a few tips that will help.
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A void contract is a formal agreement that is illegitimate and unenforceable from the moment it is created. Learn more about what makes a contract void.
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Hyperinflation is an extreme case of monetary devaluation that is so rapid and out of control that the normal concepts of value and prices are meaningless.
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(Bloomberg) -- The impact of a deeper economic deterioration in China will be mainly felt in Australia through weaker trade and reduced risk appetite in financial markets, Australian regulators said in a quarterly statement.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundStocks Flash Recession Warning as Trouble Spreads to IndustrialsBond Market Faces Quandary After Fed Signals It’s Almost DoneUS to
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Retirement expenses such as health insurance, home renovations, and a new car could drain your funds if you don't plan for them now.
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Investors have been buoyed this year by the fact that a mooted recession has failed to materialize. However, Morgan Stanley’s chief U.S. equity strategist, Mike Wilson, says that it does not mean the prospect of one taking place has completely evaporated. “While the investor sentiment pendulum on a recession arriving in 2023 has swung from roughly ’70/30′ to ’30/70′ over the past 6 months based on our dialogue, there is more debate on whether we have avoided it altogether – i.e., soft/no landing
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(Bloomberg) -- Oil’s move higher is making waves around the world as supplies buckle amid a growing appetite for crude and petroleum products, threatening to complicate the task of central bankers in their efforts to tame inflation. Meanwhile, the International Energy Agency hosts three events this week in Paris focused on the energy transition, including one on critical minerals Thursday.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionWells Fargo Preps for Weal
( 34
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US consumers have accumulated $1 trillion of credit card debt. That sounds like a lot, but it's not an excessive amount, experts say.
( 34
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Some borrowers fear what's next as student loan payments resume in October. They're searching for answers and ways to trim their spending.
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Earnings reports from Costco, Cintas, Micron, Accenture, CarMax, Nike, and Carnival. Plus, core PCE inflation data, consumer confidence, and more.
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(Bloomberg) -- US small-cap and industrial stocks are dropping, typically signals of a recession, but in a year where equities have already beaten expectations some investors are dismissing the moves as little more than noise — for now.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundUS to Keep a Distance From India-Canada Dispute, Signum’s Myers SaysBond Market Faces Quandary After Fed Signals It’s A
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If you contribute to a tax-advantaged retirement account at work or a traditional IRA, Required Minimum Distributions (RMDs) are something you'll need to factor into your financial plan. These distributions are minimum amounts you're required to withdraw from your retirement … Continue reading → The post Is an RMD Needed If You're Still Working? appeared first on SmartAsset Blog.
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Canadian labor union Unifor said on Sunday its members had voted to ratify a new contract with Ford Motor, a relief for the Detroit automaker locked in a separate tussle with its U.S. union over demands for better pay and benefits in the country.
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(Bloomberg) -- Jon Corzine will shutter the hedge fund he started after the collapse of MF Global Holdings, marking the end of his bid to rebound from one of the largest bankruptcies in US history. Most Read from BloombergWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundUS to Keep a Distance From India-Canada Dispute, Signum’s Myers SaysBond Market Faces Quandary After Fed Signals It’s Almost DoneChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseRaw Meat-Eating Liver King
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Employers are stepping up monitoring of in-office attendance, though efforts can alienate workers or prove difficult to implement.
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One in five retirees is working for financial and mental benefits, according to a T. Rowe Price study.
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BEIJING (Reuters) -China Evergrande said on Sunday that in view of an investigation into Hengda Real Estate Group, its flagship onshore unit, it was unable to meet qualifications for the issuance of new notes under its debt restructuring plan. The Evergrande unit was being probed by the Chinese securities regulator for suspected violation of information disclosure. "Holders of the company’s securities and potential investors of the company are advised to exercise caution when dealing in the securities of the company," Hui Ka Yan, chairman of China Evergrande Group, said in the Sunday filing to the Hong Kong Stock Exchange.
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Davidson Kempner Capital Management initiated positions in Exxon, Domino’s, and Coca-Cola, and exited CVS stock in the second quarter.
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(Bloomberg) -- Just a couple of months ago, emerging-market assets were all the rage as inflation eased and interest rate-cut bets surfaced. The trade has all but fizzled out. Most Read from BloombergWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundUS to Keep a Distance From India-Canada Dispute, Signum’s Myers SaysBond Market Faces Quandary After Fed Signals It’s Almost DoneChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseRaw Meat-Eating Liver King And Other Health Infl
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Arm, Instacart and Klaviyo all popped on their first day of trading, but their performance since then has been more muted.
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Despite the threat of China’s triggering a worldwide crisis as Russia did in 1998, emerging markets are much more resilient now. It doesn’t mean investors will profit from them.
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Too many consumers settle for savings accounts that pay almost no interest. High-yield alternatives aren't hard to find.
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Jeremy Hunt cheered falling inflation numbers last week, claiming the data showed his plan to fix the economy was working.
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(Bloomberg) -- What determines the price of gold? For much of the past decade the answer was easy: the price of money. The lower rates fell, the higher gold climbed, and vice versa.Most Read from BloombergWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundUS to Keep a Distance From India-Canada Dispute, Signum’s Myers SaysBond Market Faces Quandary After Fed Signals It’s Almost DoneChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseRaw Meat-Eating Liver King And Other Health
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China Reform Holdings Corp, a Chinese manager of state assets, plans to raise at least 100 billion yuan ($13.70 billion) for a fund that will invest in emerging industries, the China Business News reported on Sunday. China's state-owned enterprises (SOEs) have been ramping up investment in emerging and strategic industries such as artificial intelligence, new energy, new materials and biotech as part of Beijing's SOE reforms. China Reform Holdings was set up in 2021 and tasked with deepening SOE reforms.
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High claim losses have driven up insurance costs for plenty of homeowners in the Golden State.
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Economists expect sales of new homes to have fallen in August. The government's monthly measure is due Tuesday.
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(Bloomberg) -- Singapore became the biggest investor in Japan’s real estate sector this year, lured by the yen’s weakness and growing demand in logistics and hospitality industries, according to Knight Frank LLP.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundUS to Keep a Distance From India-Canada Dispute, Signum’s Myers SaysBond Market Faces Quandary After Fed Signals It’s Almost DoneStocks Flash R
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Pentwater Capital predicted that FTC efforts to block big deals would fail.
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Japan’s government is on a mission to get the country’s cash-hoarding households to invest more.
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U.S. Central Bank Telegraphs One More Interest Rate Hike In 2023
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SEOUL (Reuters) -South Korea's LG Chem Ltd has entered a partnership with China's Huayou Group's subsidiary Youshan, it said on Sunday, to build a joint electric vehicle (EV) battery material plant in Morocco to diversify its portfolio. Huayou has joined the growing number of Chinese electric vehicle and battery companies seeking to expand overseas to get closer to their foreign clients and benefit from local incentives. In a separate statement, Huayou's listed unit Zhejiang Huayou Cobalt Co said it intended to build plants with LG Chem in Indonesia and Morocco under a strategic partnership to promote international growth.
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The city’s new landmarks are struggling office buildings and a shopping mall losing tenants.
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KLM zegt een akkoord op hoofdlijnen te hebben gesloten met pilotenvakbond VNV over een nieuwe cao. Daardoor gaat een geplande werkonderbreking van de vliegeniers maandag niet door, stelt de luchtvaartmaatschappij.
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Frankrijk stapt helemaal uit de steenkoolsector. Tegen 2027 moeten de laatste twee op steenkool draaiende elektriciteitscentrales van het land zijn omgebouwd. Dat heeft president Emmanuel Macron zondag bekendgemaakt. Daarnaast wil hij dat de brandstofindustrie de producten tegen kostprijs aanbiedt.
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De Tsjechische miljardair Daniel Kretínský verkoopt zijn belang in de Franse krant Le Monde. Zijn aandelen gaan over naar de Franse zakenman Xavier Niel, die al grootaandeelhouder in het nieuwsmedium was.
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Een goede smartphone hoeft niet duur te zijn. In de prijsklasse van 350 tot 500 euro zijn veel goede telefoons verkrijgbaar. De OnePlus Nord 3 5G, Google Pixel 7a en Samsung Galaxy A54 5G zijn volgens Tweakers op dit moment de beste smartphones in dit prijssegment.
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De Duitse bouwsector heeft 50 miljard euro aan stimuleringsmaatregelen nodig om uit het slop te komen, betoogt vakbond IGBAU. Hogere rentes en sterk gestegen materiaalkosten drukken zwaar op de Duitse bouw.
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Als kunstmatige intelligentie ergens goed in is, dan is het wel taalverwerking. Je kunt ermee chatten, maar AI kan ook vertalen. Dat klinkt als een bedreiging voor professionele vertalers, maar bij het Nederlands Genootschap van Tolken en Vertalers (NGTV) maken ze zich nog niet druk.
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Het minimumloon gaat omhoog naar 13,50 euro per uur, maar sommige partijen en vakbonden willen dit bedrag nog verder verhogen. Ze opperen een minimum van 14, 16 of zelfs 18 euro per uur. Dat klinkt als een sympathiek plan, maar experts hebben hun bedenkingen.
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The Asian Infrastructure Investment Bank (AIIB) is a Beijing-based multilateral development bank that finances infrastructure projects in Asia.
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While a falling unemployment rate sounds like a good thing, it can actually be indicative of people leaving the labor force because they can't find a job.
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The Consumer Financial Protection Bureau (CFPB) is a regulatory agency charged with overseeing financial products and services that are offered to consumers.
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Management fees are the price charged by fund managers to invest capital on behalf of clients. The fee covers managers for their time and their expertise.
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A Keltner Channel is a set of bands placed above and below an asset's price. The bands are based on volatility and can aid in determining trend direction and provide trade signals.
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A lot is amount of securities bought in a single transaction on an exchange. A round lot is typically 100 shares but investors don't have to buy in round lots.
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A bond quote is the price at which a bond is trading. It's typically expressed as a percentage of par value with the percentage converted to a point scale.
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Bond futures oblige the contract holder to purchase a bond on a specified date at a predetermined price.
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Tech stocks tend to fall early in tightening cycles but rebound and recover losses later on.
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The CFA Institute is an international organization that serves investment management professionals with education, ethics, and certification programs.
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Scholastic Corporation missed revenue and profit estimates for the quarter ended Aug. 31, as lagging book sales impacted the publisher's core business.
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Commodities are the raw materials used for products manufactured worldwide. This article lists the top 10 countries with the most value in natural resources.
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Deciding to buy CIF or FOB depends on the experience of the buyer. FOB generally holds wider appeal among regular international shippers.
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The top shareholders of Amazon are Jeff Bezos, Andrew Jassy, Jeffrey Blackburn, Advisor Group, Vanguard Group, and BlackRock.
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Layer 1 and Layer 2 blockchain scaling solutions are two types of improvements to the processing speed of any cryptocurrency network.
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Yield farming is a high-risk, volatile investment strategy in which the investor stakes or lends crypto assets to earn a higher return.
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The Gilded Age, which spanned roughly from the late 1870s to the early 1900s, was a time of rapid industrialization, economic growth, and prosperity for the wealthy. It was also a time of exploitation and extreme poverty for workers.
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The Federal Reserve's interest rate hikes have taken a toll on some of the biggest bond market ETFs available to investors.
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A value reporting form is an insurance form a company with irregular inventory completes in order to receive insurance coverage in variable amounts.
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Several currency denominations have been discontinued by the U.S. Treasury and others are still in circulation but rarely used.
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The Singapore Interbank Offered Rate (SIBOR) is the benchmark interest rate for lending between banks in markets within the Asian time zones.
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Of the 50 U.S. states, 39 and the District of Columbia do not tax Social Security benefits.
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These nine states impose no income tax on residents, but moving there may not save you money.
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As US debt explodes, net interest payments are projected to become the single biggest expenditure by 2051, even topping Social Security.
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(Bloomberg) -- Bond investors face the crucial decision of just how much risk to take in Treasuries with 10-year yields at the highest in more than a decade and the Federal Reserve signaling it’s almost done raising rates.Most Read from BloombergWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseRaw Meat-Eating Liver King And Other Health Influencers Face Mounting LawsuitsAI Fantasy Fades as Wall Street Reels From Real-World
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Tech stocks tend to fall early in tightening cycles but rebound and recover losses later on.
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I am 57 and have $1.1 million in my 401(k) and $50,000 in a high-yield savings account. I earn $300,000 per year and put $30,000 in my 401(k) each year plus a match on the first 6%. I have a $220,000 mortgage on a home valued at $550,000. I would like to retire at 62 […] The post Ask an Advisor: I Have $1.15 Million Saved and Will Collect $3,500 Per Month in Social Security. Can I Retire at 62? appeared first on SmartReads by SmartAsset.
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India's aviation authorities have ruled out intervening in a dispute between Akasa Air and its pilots after the budget carrier accused the regulator of inaction, a legal filing shows. Over 40 of Akasa's 450 pilots quit without serving their notice in recent weeks, and the airline has sued some of them and challenged Indian authorities in court for not acting on its requests to deal with alleged pilot "misconduct". Akasa argues its contractual obligations with pilots remain in force, and is suing the regulator for not intervening in the public interest.
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Trudeau's popularity as measured by opinion polls has dropped as Canadians deal with a cost-of-living crisis, sparked by the central bank's record pace of interest rate increases to tame inflation. Trudeau has waded into a sensitive monetary policy debate and past comments on interest rates by his government and other provincial politicians have raised questions about the independence of the central bank.
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Contract talks with the union have been running parallel to UAW talks in the U.S.
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The top shareholders of Amazon are Jeff Bezos, Andrew Jassy, Jeffrey Blackburn, Advisor Group, Vanguard Group, and BlackRock.
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Imagine awakening to the gentle sound of waves washing up on a pristine beach, steps away from your luxury villa. You enjoy a gourmet breakfast while planning your day, debating between taking a tranquil boat trip or enjoying a private tour of a renowned local museum. All of these are made possible because you’ve amassed […] The post What a Retirement Lifestyle With $20 Million Looks Like appeared first on SmartReads by SmartAsset.
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In the intricate world of healthcare and insurance, high-net-worth individuals often face unique challenges and opportunities. Their healthcare needs, lifestyle and financial situation necessitate a different approach to insurance, one that is tailored to their specific circumstances. Whether you have a high net worth or not, a financial advisor can help you manage risk and […] The post Health Insurance Options for High-Net-Worth Individuals appeared first on SmartReads by SmartAsset.
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As crude oil prices near triple digits, it isn’t just consumers feeling uneasy.
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Practice over pedigree is the new normal. College students have gotten the hint.
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(Bloomberg) -- Exxon Mobil Corp., which operates one of the world’s biggest oil-refining networks, is trying to be more responsive to changing consumer demands as the energy transition gathers pace. The changes it’s considering include potentially replacing some gasoline production with chemicals.Most Read from BloombergWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseUS to Keep a Distance From India-Canada Dispute, Signum
( 34
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Retirement has gotten harder for low-income Americans. In July, the Government Accountability Office studied the impact of tax-advantaged retirement accounts. In doing so, they found that the disparity in retirement savings between low-income and high-income workers between ages 51 and 64 grew significantly between 2007 and 2019. This means people nearing retirement today are in […] The post This Little Known Tax Credit Helps Low-Income Workers Catch Up on Retirement Contributions appeared first
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Long-Term Capital Management’s collapse 25 years ago started a habit hard to break—the “Fed put.”
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Dozens of ships arrive each week in the Milford Haven Waterway, many bearing vast cargoes of crude oil and natural gas.
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The Federal Reserve's interest rate hikes have taken a toll on some of the biggest bond market ETFs available to investors.
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The WSJ guide on how to buy, finance, and find the car you want in 2023.
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Chinese lenders will provide more than half of the US$3 billion debt that Uganda requires to build a crude oil pipeline after financiers from the West backed out following strong opposition from environmental groups. According to Uganda's Ministry of Energy and Mineral Development, the East African nation expects to finalise talks with the China Export & Credit Insurance Corporation (Sinosure) and the Export-Import Bank of China (Eximbank) by next month to finance the construction of the East Af
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Carmakers face an escalating fight. Here’s what to watch for in the negotiations.
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(Bloomberg) -- With the northern hemisphere winter approaching and global diesel markets already tight, Russia has banned exports of the fuel that’s used for transportation, heating and industrial processes. Many analysts expect the halt to be temporary, but others see it as another example of Moscow weaponizing energy exports, as its invasion of Ukraine enters a 20th month. Most Read from BloombergChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseAI Fantasy Fades as Wall Street Reels
( 36
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Berkshire Hathaway now owns about $3 billion of the maker of personal computers, an 11.2% stake.
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Of the 50 U.S. states, 39 and the District of Columbia do not tax Social Security benefits.
( 31
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These nine states impose no income tax on residents, but moving there may not save you money.
( 31
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(Bloomberg) -- The relentless selloff in Chinese stocks has made the market the worst performer in the world over the past three years. And that is exactly the reason some funds are looking to unearth pockets of value.Most Read from BloombergWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundUS to Keep a Distance From India-Canada Dispute, Signum’s Myers SaysChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseRaw Meat-Eating Liver King And Other Health Influencers Face Mounti
( 33
min )
Je kent het vast: je vertelt aan anderen dat je graag iets wil hebben en even later zie je daarvoor een advertentie op Facebook of Instagram. Het lijkt alsof je wordt afgeluisterd, maar daar is volgens experts geen sprake van.
( 4
min )
Vijftien jaar geleden had vrijwel niemand een Android-telefoon, nu de meeste mensen. Google kreeg de afgelopen jaren veel macht op de smartphonemarkt en moest daar soms voor boeten. De technologie blijft zich ontwikkelen. De volgende stap lijkt kunstmatige intelligentie.
( 4
min )
De Europese Unie is "niet van plan zich los te koppelen" van China, maar moet zichzelf wel beschermen wanneer haar openheid wordt misbruikt. Dat heeft Valdis Dombrovskis, vicevoorzitter van de Europese Commissie, zaterdag gezegd tijdens een bijeenkomst in Shanghai.
( 4
min )
De Britse premier Rishi Sunak overweegt maatregelen in te voeren die het op termijn onmogelijk moeten maken om nog legaal sigaretten te kopen. Dat meldt The Guardian op basis van overheidsbronnen.
( 3
min )
De Fremantle Highway is zaterdagochtend in Rotterdam aangekomen, bijna twee maanden nadat op het vrachtschip brand uitbrak. Het schip vertrok donderdagmiddag uit de Groningse Eemshaven, waar het sinds begin augustus lag.
( 3
min )
Arriva wil vanaf 2026 op tal van spoortrajecten in het land gaan rijden waar nu nog treinen rijden van NS. Het spoorbedrijf heeft daarvoor verzoeken ingediend bij de Autoriteit Consument & Markt (ACM), bevestigt een woordvoerder van Arriva na berichtgeving door de Volkskrant.
( 3
min )
De Amerikaanse president Joe Biden gaat dinsdag naar Michigan om zijn steun te betuigen voor de staking bij de grote autofabrieken in Detroit. Zijn bezoek is bijzonder: het komt zelden voor dat een Amerikaanse president stakers bezoekt.
( 4
min )
Actievoerders van Extinction Rebellion (XR) blokkeren al twee weken lang elke dag de A12. Dat blijven ze doen tot Nederland stopt met de fossiele steun aan het bedrijfsleven. Hoe realistisch is die eis?
( 6
min )
The 10-year Treasury yield just breached 4.50%. Some market strategists see yields north of 5% coming into view.
( 22
min )
The ninth month of the year is the S&P 500’s worst, but some signs suggest that it’s getting close to bouncing.
( 22
min )
Wall Street research on Disney, Cisco Systems, Walmart, Walt Disney, Nike, and IBM
( 21
min )
James Dolan’s Sphere Entertainment looks undervalued, as do Madison Square Garden Entertainment and MSG Sports.
( 22
min )
The Fed will push interest rates to 6%, which means more pain for the US economy, particularly small businesses, O'Leary said.
( 33
min )
The civil trial, scheduled for Oct. 2, is in limbo while awaiting an appeals court ruling.
( 27
min )
Millennials and Gen Zers push back on Mom and Dad’s ideas about what a strong work ethic looks like.
( 22
min )
In Louisiana, a home could see a 48% plunge in value, and in Plaquemines Parish, a home could even lose 100% of its value.
( 32
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The move is expected to improve the segment's operating income by approximately $50 million to $55 million in 2025, the tire manufacturer said, adding that the plan would also improve profitability in its Australia and New Zealand operations. Goodyear would also exit nine warehouse locations, a regulatory filing showed. The Ohio-based company said the approved plan that is part of its broader restructuring effort would be completed by the end of 2024.
( 32
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Goldman Sachs analysts say that credit card losses are rising and expect they will continue to do so as late as 2025.
( 18
min )
The Bay Area saw some of its community banks move into the region's top 10 this year, based on the latest FDIC deposit data
( 21
min )
UPS is leveraging artificial intelligence to prevent "porch pirates" from stealing consumers' packages after they are delivered and recommend the best options for successful deliveries.
( 32
min )
Months after California's home insurance market was rattled by major companies pausing or restricting their coverage, the state's top regulator said Thursday that he would write new rules aimed at persuading insurers to continue doing business in the nation's most populous state. Seven of the 12 largest insurance companies by market share in California have either paused or restricted new policies in the state since last year. WHAT ARE THE RULES FOR INSURANCE COMPANIES?
( 32
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The years of ultralow interest rates nurtured a variety of wacky investment ideas. That’s over now. Here’s our guide to some ordinary investments at agreeable prices.
( 22
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Here's our weekly roundup of the most-read articles at Barron's Advisor.
( 22
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Monthly dividend ETFs have become a popular investment category in recent years, and why not? Building a portfolio of dividend ETFs that pay you each month is a great way to build a diversified and predictable stream of passive income that will compound over time. The Amplify CWP Enhanced Dividend ETF (NYSEARCA:DIVO) is one interesting option in this class for investors to consider. DIVO’s dividend yield of 4.9% is not as high as some of the other popular names in the space, like the JPMorgan Pr
( 34
min )
Shares of retailer Advance Auto Parts are in a second calendar year deeply in the red. Eugene Lee, interim executive chair, scooped up $500,000 of stock.
( 22
min )
Insurance registration data collected by Citi analyst Jeff Chung shows a decline in weekly sales of the company's EVs in China this month.
( 21
min )
It's never easy to figure out Wall Street, where bad news can be good for stocks or vice versa. Sometimes a stock can be flying high, only to have a well-known analyst spoil the party with a downgrade. The reverse also is true, as was the case this week with some healthcare real estate investment trusts (REITs). Over the past three trading days, healthcare REITs have been the worst-performing REIT subsector. Six healthcare REITs lost between 4% and 11.5%. Eleven more healthcare REITs are also in
( 34
min )
The 200-week and 200-day moving averages converge at $27,800, acting as an obstacle to further BTC price gains.
( 32
min )
What to make of the markets today? It seems that no matter where we look, the currents are pulling in two directions simultaneously. Recessionary forces, both inflation and higher interest rates, are running headlong into a remarkably resilient economy – but according to earnings results, we actually saw a mild recession early last year, and are in a recovery period. The conventional wisdom is no longer calling for a steep ‘double dip’ recession, but is predicting that growth will slow down shar
( 36
min )
If China Evergrande can’t strike a new deal with creditors, the property giant will risk a liquidation.
( 23
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In 2020, billionaire investor Ray Dalio famously claimed that "cash is trash." He later elaborated that cash is not safe because "it will be taxed by inflation." But as time passed, Dalio's view on cash has made a U-turn. "Temporarily, right now, cash I think is good ... and the interest rates are fine. I don't think it will be sustained that way," he said at the Milken Institute Asia Summit in Singapore last week. In the U.S., the Federal Reserve has implemented significant interest rate hikes
( 34
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Medicare Advantage and Medigap are two options when Original Medicare doesn't provide the right amount of coverage. Find out about Medicare supplement plans.
( 33
min )
Wall Street is less bullish about shares of agricultural-equipment maker Deere lately. Canaccord analyst Robert Burleson downgraded the stock Friday.
( 22
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The U.S. Federal Reserve has implemented 11 interest rate hikes in the last 18 months. While the Fed decided to leave its benchmark interest rates unchanged at its latest meeting, CNBC's Jim Cramer does not believe that the central bank is done with hawkish moves. "Labor's still tight, housing's tight, mortgage rates are high ... they've doubled and it hasn't affected housing at all. We have 3.8% unemployment, inflation rate close to 4% — the Fed's targeting 2%," Cramer said during Wednesday's "
( 32
min )
(Bloomberg) -- Banks are paying up to protect their cash holdings from sinking further and to safeguard against future runs on deposits, according to Bank of America Corp. Most Read from BloombergChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseAI Fantasy Fades as Wall Street Reels From Real-World Rate JumpRaw Meat-Eating Liver King And Other Health Influencers Face Mounting LawsuitsWhy Can’t Americans Buy Cheap Chinese EVs?Treasuries Halt Fed-Fueled Rout as Stocks Struggle: Markets W
( 33
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After a two-day drop, 30-year mortgage rates have roared higher. Surging almost a quarter of a point, the 30-year average has now set a new 22-year high.
( 20
min )
The U.S. stock market has seen robust growth in 2023, with the S&P 500 Index surging by 16%. But according to "Shark Tank" star Kevin O'Leary, it's not all sunshine and rainbows. "The S&P 500 employs 40% of America," he told Fox Business's Larry Kudlow in a recent interview. "Where the cracks are starting to show is in mainstream America where the car loans have gone from 5½% to 9½% and continue to go up." The U.S. Federal Reserve has implemented aggressive interest rate hikes to combat rampant
( 34
min )
Better bargains await in T-bills, REITs, BDCs, and energy stocks.
( 22
min )
One of the most important decisions in retirement is choosing how much to withdraw from your savings. You need to take out enough to meet your spending needs, but not so much that you end up running out of money. While there's no real consensus on a safe withdrawal rate, a recent report from Edward […] The post How Much Should I Withdraw From My Retirement Account? Edward Jones Says Start With These Percentages appeared first on SmartReads by SmartAsset.
( 33
min )
While shortages and insurance mix-up are a pain for patients, things are looking up for vaccine makers.
( 22
min )
Shares of the chip-design company took off after its IPO. They have given up that gain, but investors should still be wary, according to Susquehanna.
( 22
min )
In a research report published on Friday, JPMorgan analyst Christyan Malek upgraded the entire global energy sector to an overweight rating, warning that the recent surge in oil prices could potentially drive Brent crude prices as high as $150 a barrel by 2026. This prediction is based on factors such as capacity shocks in the near to medium term, an energy "supercycle", and an ongoing transition away from hydrocarbons.
( 33
min )
The problem isn't the outlook for earnings at utilities and makers of consumer staples. Higher yields on Treasury debt are hurting the shares.
( 22
min )
Historically, the 10-year U.S. Treasury yield has peaked around the Federal Reserve's last hike of the cycle. That's coming soon.
( 22
min )
In a big shift, anyone who took in more than $600 a year from reselling tickets could be in for a tax surprise.
( 24
min )
Wayfair upgraded, Deere downgraded: Wall Street's top analyst calls
( 33
min )
Wells Fargo is still trying to move beyond the 2016 fake account scandal. It's harder than it looks.
( 30
min )
Overall, this year has seen a solid turnaround from last year’s losses. The S&P 500 and the NASDAQ are both showing year-to-date gains, of 16% and 27% respectively. That holds, even as the last few weeks have been disappointing; the S&P is down ~4% this month, and the NASDAQ is down 6%. One thing is clear: tech stocks powered the year’s gains, riding high on the surge of interest in artificial intelligence tech, AI, which burst into prominence with ChatGPT’s release last November. AI has transfo
( 36
min )
Citi analyst Ronald Josey has opened a '90-day Positive Catalyst Watch' on the social-media company's shares.
( 22
min )
Researchers asked ChatGPT to rate itself on how well it could perform different job skills. It's responses were illuminating.
( 32
min )
Canadian steel maker Stelco is considering a bid for United States Steel, Bloomberg News reported. That's odd.
( 21
min )
The Russian leader has attempted to shield the worst effects of the war from his countrymen, but prices for the fuels have been reaching record levels domestically.
( 33
min )
The nation’s biggest automakers – and car buyers everywhere -- will learn Friday whether the United Auto Workers union will escalate its strike over a demand for higher wages, a shorter work week and other benefits. UAW President Shawn Fain is expected to announce whether the union will expand a weeklong strike that has so far been limited to three plants – one each at Ford, General Motors and Stellantis. Fain said earlier this week he would call on workers at more plants to strike unless there was significant progress in contract negotiations with the carmakers.
( 35
min )
Chris Rondeau, former CEO of Planet Fitness, says he doesn't know why he was asked to step down.
( 34
min )
The Vietnamese electric vehicle start-up reported a second-quarter net loss of about $514 million from sales of about $307 million.
( 22
min )
↗️ Microsoft (MSFT), Activision Blizzard (ATVI): A modified deal by the software giant to buy the videogame publisher was [cleared by the U.K.'s antitrust authority](https://www.wsj.com/tech/mic
( 23
min )
Exxon Mobil Corp. (NYSE:XOM) is poised to benefit from a substantial 30% rise in oil prices in Q3, with futures for West Texas Intermediate (WTI) oil for November 2023 escalating from $69.23 per barrel on June 23 to around $90 currently. This increase could potentially trigger a significant rise in Exxon's stock.
( 33
min )
European Union antitrust enforcers slapped Intel on Friday with a fresh $400 million fine in a long-running legal fight that the chipmaker appeared to have won last year. The European Commission imposed the 376.4 million-euro fine after a court threw out an original 1.06 billion-euro penalty issued in 2009 over allegations that the Santa Clara, California-based company used illegal sales tactics to shut out smaller rival AMD. The commission, the 27-nation bloc's top antitrust watchdog, accused Intel of abusing its dominant position in the global market for x86 microprocessors with a strategy to exclude rivals by using rebates and sales restrictions.
( 32
min )
“I don’t think I’ve discovered fire," Rowan says, sipping a barista cappuccino from a paper cup. "I think we’re just logically looking at trends, and we’ve picked a really, really big market that’s got the best future in the world of credit.”
( 41
min )
(Bloomberg) -- The Luksic family, South America’s wealthiest with a combined fortune of about $25 billion, is reaping the benefits of a bet on global shipping and port logistics more than a decade after it first entered the industry.Most Read from BloombergEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseMcCarthy Ambushed as Republican Hardliners Change Course on S
( 34
min )
The United Auto Workers union has threatened to expand its strike against the Big Three automakers on Friday, Microsoft’s acquisition of Activision Blizzard is closer to being cleared, and Scholastic falls sharply after a wider-than-expected loss.
( 22
min )
History suggests that the central bank’s expected scenario isn’t likely to happen.
( 27
min )
The U.K. regulator said a new restructured deal substantially addresses its concerns over cloud gaming.
( 22
min )
(Bloomberg) -- Cainiao Network Technology Co., the logistics arm of Alibaba Group Holding Ltd., is planning to file for its Hong Kong initial public offering as soon as next week, according to people familiar with the matter, potentially making it among the first of the Chinese tech firm’s units to go public.Most Read from BloombergEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsMcCarthy Ambushed as Republican Hardliners C
( 33
min )
(Bloomberg) -- Chinese stocks rallied Thursday, running against the grain of declines across the region, while the 10-year Treasury yield touched the highest level in 16 years in a sign investors expect higher US interest rates to endure.Most Read from BloombergEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsMcCarthy Ambushed as Republican Hardliners Change Course on Spending PlanWall Street Trading Roiled by ‘Post-Fed Han
( 34
min )
(Bloomberg) -- Investors are dumping equities at the fastest pace since December as the prospect of higher-for-longer interest rates raises the risk of a recession, Bank of America Corp. strategists say.Most Read from BloombergEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsMcCarthy Ambushed as Republican Hardliners Change Course on Spending PlanChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseWall Street Tradin
( 33
min )
When Lachlan Murdoch, the eldest son of media titan Rupert Murdoch, was named the sole chairman of News Corp Thursday, the announcement put to rest immediate questions about who will run News Corp and Fox Corp: a sprawling media empire that includes some of the most powerful brands in the world. But the executive transition does not settle another potential power play that could occur upon Rupert Murdoch’s death, as framed by a document called the Murdoch Family Trust. It is the vehicle through which the elder Murdoch controls News Corp and Fox Corp, through a roughly 40% stake in voting shares of each company.
( 32
min )
Historically, the 10-year U.S. Treasury yield has peaked around the Federal Reserve's last hike of the cycle. That's coming soon.
( 22
min )
(Bloomberg) -- Bill Ackman remains short bonds and expects long-term rates to rise further amid increasing government debt, higher energy prices and the cost of shifting to green power.Most Read from BloombergEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsMcCarthy Ambushed as Republican Hardliners Change Course on Spending PlanWall Street Trading Roiled by ‘Post-Fed Hangover’: Markets Wrap‘Dead Space’ Co-Creator Departs S
( 31
min )
Find out how stagflation is measured, what factors contribute to it, and how to protect your finances.
( 23
min )
A broad form property damage endorsement removes the exclusion of property under the care of the insured in a contractor's general liability policy.
( 19
min )
It is possible to get a $100,000 personal loan, but it’s difficult. Even the best personal loan providers don’t typically offer loans of more than $50,000.
( 22
min )
With instant personal loans, you may be able to get your funds on the same day you apply for the loan. However, a number of factors can delay the process.
( 22
min )
Today's best CD rate is 5.80%, available from Credit Human for a take-your-pick term between 12 and 17 months, or from The Federal Savings Bank for a 1-year term.
( 19
min )
Universal healthcare coverage systems are set up to ensure that all legal residents of a given jurisdiction have health insurance.
( 22
min )
Goldman Sachs analysts say that credit card losses are rising and expect they will continue to do so as late as 2025.
( 17
min )
The SEC fined Citadel Securities $7 million for mismarking short sale and long sale orders over a five-year period.
( 16
min )
The Big Mac index was created by The Economist to measure purchasing power parity between nations, using the price of a Big Mac as the benchmark.
( 22
min )
U.S. equities gave up early gains, with the S&P 500 falling 0.2% on Friday amid concerns about higher interest rates following this week's Fed comments.
( 16
min )
IOTA's network was hacked in 2018, and $4 million of its cryptocurrency, MIOTA, was stolen. Here's what the developers recommend for keeping your crypto safe.
( 20
min )
The remarks by two officials followed a meeting Wednesday in which the central bank held the fed funds rate steady, maintaining a 22-year high.
( 19
min )
If lawmakers don’t pass a budget or extend the deadline to do so, the government could shut down on Oct. 1—hurting the economy in several ways, some of them not so obvious.
( 20
min )
The Commerce Department released its final guidelines for Chips Act funding designed to make sure that up to $52 billion in federal incentives don’t wind up benefiting China or other competitor nations.
( 18
min )
The SEC fined Goldman Sachs $6 million for failing to provide complete and accurate trading information.
( 17
min )
The S&P 500 Index (Standard & Poor's 500 Index) is a market-capitalization-weighted index of the 500 leading publicly traded companies in the U.S.
( 27
min )
When buying a second home, you may need vacation home insurance. Learn how second home insurance works and when you need it.
( 22
min )
Chartered Marketing Analyst (CMA) is a certificate awarded by the GAFM Global Academy of Finance and Management.
( 19
min )
Medicare Advantage and Medigap are two options when Original Medicare doesn't provide the right amount of coverage. Find out about Medicare supplement plans.
( 33
min )
A CFPB proposal could remove medical bills from Americans’ credit reports. If finalized, the change could make it easier for Americans with medical debt to take out loans and receive credit cards.
( 17
min )
A ceiling is the maximum permitted level in a financial transaction. The term can be applied to a variety of factors from debt to interest rates and credit limits.
( 21
min )
The Obelisk consensus algorithm uses different network nodes for consensus and block creation. Learn more about it and how it works.
( 21
min )
An equalization payment is usually made to a state, province, or individual from the federal government to offset economic or fiscal imbalances.
( 20
min )
A stockbroker is an agent or firm that charges a fee or commission for executing buy and sell orders for an investor.
( 24
min )
U.S. equities advanced at midday on Friday, Sept. 22, 2023 after a U.S. government decision on chip funding, though the market was on track for a losing week.
( 16
min )
A bull call spread is an options strategy designed to benefit from a stock's limited increase in price.
( 32
min )
The United Auto Workers expanded the scope of its strikes at GM and Stellantis plants, but not Ford amid reported progress in negotiations.
( 17
min )
A real estate agent is a licensed professional who represents buyers or sellers in real estate transactions.
( 26
min )
After a two-day drop, 30-year mortgage rates have roared higher. Surging almost a quarter of a point, the 30-year average has now set a new 22-year high.
( 19
min )
The K-Percent Rule, proposed by economist Milton Friedman, states that the central bank should increase the money supply by a set percentage every year.
( 19
min )
Seagen shares jumped to an all-time high Friday after news that a joint late-stage trial of a combination of their experimental bladder cancer drug with Merck's Keytruda achieved positive results.
( 17
min )
How does the Federal Reserve System affect ordinary citizens? In more ways than you might realize.
( 20
min )
AstraZeneca ADSs rose after reporting its experimental breast cancer treatment made with Japanese partner Daiichi Sankyo showed positive high-level results in a Phase 3 trial.
( 17
min )
Both the law of diminishing marginal returns and returns to scale measure output as a result of changes in input.
( 21
min )
A pure play is a company that invests in one line of business, so its stock performance correlates highly to the performance of its sector.
( 21
min )
Amazon on Friday said Prime Video shows and movies will have limited advertisements starting in 2024, as the company seeks to boost profitability and continue investing in the platform.
( 18
min )
American Express CD rates can be much higher than average with certain terms, and there’s no minimum balance to open a new CD.
( 21
min )
The European Economic Area (EEA) Agreement is an agreement made in 1992 that brought together the European Union (EU).
( 23
min )
When the terms premium and discount are used for bonds, they are telling investors whether the purchase price of the bond is above or below its par value.
( 26
min )
Find out whether a fund's performance is a result of the manager's abilities or just a fluke.
( 24
min )
High consumer appetite, especially for the more expensive models of iPhone 15 during holiday season, eases concerns about the slump in the global smartphone market.
( 18
min )
Tax-free spinoff refers to a corporate action in which a publicly traded company spins off one of its business units as an entirely new company.
( 20
min )
Microsoft's modified proposal to win regulatory approval for its plan to buy Activision Blizzard was provisionally accepted by the U.K.'s Competition and Markets Authority.
( 18
min )
U.K. regulators gave preliminary approval of Microsoft’s $75 billion proposed acquisition of Activision and the United Auto Workers is threatening to expand its strike against the “Big Three” automakers if a deal isn’t reached. Here’s what investors need to know today.
( 19
min )
Not all doctors accept Medicare for the patients they see. Here are five options to consider if you find out your doctor doesn’t take it.
( 26
min )
There are four Medicare parts: A, B, C, and D. Learn what each Medicare part covers—including hospital, medical, and prescription drug coverage.
( 27
min )
Don’t pay for a plan that won’t cover your pearly whites when you need it to.
( 23
min )
Pink slip is a vernacular term that refers to a notice of dismissal given to an employee.
( 22
min )
The Medicare hold harmless provision keeps Social Security benefits from decreasing year over year as a result of higher Medicare Part B premiums.
( 24
min )
Tariffs are used and levied by domestic governments to protect domestic industries.
( 21
min )
De Tweede Kamer heeft besloten de accijnsverhoging van januari 2024 met een jaar uit te stellen. Daarmee willen Kamerleden voorkomen dat de prijzen aan de pomp de pan uit rijzen. Toch vind je in Nederland de duurste benzine van Europa. Hoe zit dat?
( 3
min )
De vrijdag begonnen stakingen bij autofabrieken van General Motors (GM) en Stellantis in de Verenigde Staten worden uitgebreid. Daarmee wordt het werk neergelegd in nog eens 38 fabrieken, verspreid over twintig Amerikaanse staten.
( 3
min )
Piloten van KLM hebben aangekondigd dat ze maandag één uur gaan staken op luchthaven Schiphol. Met de actie willen ze KLM onder druk zetten voor betere arbeidsvoorwaarden.
( 5
min )
De James Webb-telescoop heeft op de Jupitermaan Europa koolstof gevonden. Dat is een belangrijk element dat leven mogelijk maakt. Maar hoe kan de ruimtekijker op zo'n grote afstand zien welke stoffen op andere planeten en manen aanwezig zijn?
( 3
min )
ING en ABN AMRO zijn vrijdag onderuitgegaan op de Amsterdamse beurs. Dat gebeurde nadat de Tweede Kamer het voorstel om de bankenbelasting te verhogen had goedgekeurd. De opbrengst van die belasting wordt gebruikt om huishoudens met lagere inkomens te steunen.
( 5
min )
Inwoners van Wijk aan Zee leven gemiddeld 2,5 maand korter door de huidige uitstoot van Tata Steel, blijkt vrijdag uit nieuw onderzoek. Daarin legt het RIVM een direct verband tussen de uitstoot van de staalfabriek in IJmuiden en de gezondheid van omwonenden.
( 8
min )
ING en ABN AMRO zijn vrijdag onderuitgegaan op de Amsterdamse beurs. Dat gebeurde nadat de Tweede Kamer het voorstel om de bankenbelasting te verhogen had goedgekeurd. De opbrengst van die belasting wordt gebruikt om huishoudens met lagere inkomens te steunen.
( 4
min )
Inwoners van Wijk aan Zee leven gemiddeld 2,5 maand korter door de huidige uitstoot van Tata Steel, blijkt vrijdag uit nieuw onderzoek. Daarin legt het RIVM een direct verband tussen de uitstoot van de staalfabriek in IJmuiden en de gezondheid van omwonenden.
( 8
min )
De proef waarbij huurders extra geld kunnen lenen om voor dezelfde maandlasten over te stappen naar een koophuis is beëindigd. Door de stijgende hypotheekrente is het voor veel duurhuurders helemaal niet meer voordeliger om de overstap te maken, ook niet met een beetje hulp.
( 5
min )
De soap rond de miljardenboete die de Europese Unie in 2009 aan Intel oplegde voor concurrentievervalsing is nog niet voorbij. Die boete werd in 2022 nietig verklaard, maar de EU legt Intel nu een boete van 376 miljoen euro op.
( 4
min )
Door een stijging van de lonen en uitkeringen konden we afgelopen kwartaal 1,4 procent meer uitgeven dan een jaar eerder. Dat meldt statistiekbureau CBS, die daarbij rekening houdt met de inflatie.
( 3
min )
Minder studenten hebben dit jaar een lening aangevraagd om te kunnen studeren. De studenten die dat wél doen, lenen veel minder.
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De Nederlandse economie kromp vorig kwartaal met 0,2 procent. Dat is iets minder dan de 0,3 procent die statistiekbureau CBS eerder naar buiten bracht. Dit kwam vooral doordat er meer internationale handel was dan eerder becijferd.
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Onderzoekers zijn enthousiast over een vondst op de maan Europa, een van de manen van Jupiter. De James Webb-telescoop vond daar koolstof, een belangrijke voorwaarde voor leven, schrijft de Europese ruimtevaartorganisatie ESA.
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Door een stijging van de lonen en uitkeringen konden we afgelopen kwartaal 1,4 procent meer uitgeven dan een jaar eerder. Dat meldt statistiekbureau CBS, die daarbij rekening houdt met de inflatie.
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Minder studenten hebben dit jaar een lening aangevraagd om te kunnen studeren. De studenten die dat wél doen, lenen veel minder.
( 4
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De Nederlandse economie kromp vorig kwartaal met 0,2 procent. Dat is iets minder dan de 0,3 procent die statistiekbureau CBS eerder naar buiten bracht. Dit kwam vooral doordat er meer internationale handel was dan eerder becijferd.
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In recent years, the online content subscription platform OnlyFans has seen a meteoric rise in popularity, transforming the way creators monetize their content and, in the process, creating a new generation of high earners and millionaires. With fortunes made in a matter of months, many of these content creators are now seeking savvy investment opportunities to grow and secure their wealth. In this article, we’ll explore where these OnlyFans stars are choosing to invest their money, including re
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A federal judge in Texas on Thursday rejected a bid by 25 states to block a Biden administration rule allowing employee retirement plans to consider environmental, social and governance (ESG) issues in investment decisions. U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas, declined to block the rule, which took effect Jan. 30. The judge granted a petition by President Joe Biden's administration to dismiss the Republican-led states' lawsuit claiming the rule will jeopardize millions of Americans' retirement savings.
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Energy investors don’t share the enthusiasm of hedge funds and speculators, which have become the most bullish in nearly two years as oil equities are lagging behind soaring crude prices.
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Today's best CD rate is 5.80%, available from either The Federal Savings Bank for a 1-year term or Credit Human for a take-your-pick term between 12 and 17 months.
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The U.S. Treasury Department’s sanctions enforcer said a 3M subsidiary sold products to a German reseller knowing they were destined for an Iranian customer.
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Several factors can shrink your monthly Social Security benefits payment. Here are three of the most common.
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Speculators have amassed $600 billion in net short positions in U.S. Treasury futures, a leveraged trade that poses possible wider bond market risks if there's a government shutdown.
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Media magnate Rupert Murdoch on Monday announced that he would be stepping down as the leader of both Fox News' parent company and his News Corp media holdings — with his son, Lachlan, set to take his place. Through his decades-long career, Murdoch, 92, built an empire — beginning with his father's newspaper in Adelaide, Australia — and became a multibillionaire. In the U.S., his creation of Fox News has notably influenced American politics, making Murdoch a hero to some and pariah to others.
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Baby boomers' stocks and houses gained value for years due to low interest rates, and now they can earn 5% from Treasury bills, Larry McDonald said.
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CS Disco CEO, Kiwi Camara, has been ousted after allegedly groping a young female worker and shoving meat into her face.
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Two long-delayed refineries outside the U.S. are set to ramp up production, pumping out about 1 million more barrels a day of fuel.
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(Bloomberg) -- Hedge fund billionaire John Paulson used a sham purchase of a luxury penthouse apartment in Puerto Rico to improperly enrich himself by $10 million at the expense of his family trust, his wife claims in a suit accusing him of hiding billions of dollars in assets during their divorce.Most Read from BloombergIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsEx-Goldman Bankers Make a Fortune With Controversial Bet on Coal‘Dead Space’ Co-Creator Departs Startup After Newest Ga
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Investors should watch the $260 level for the EV maker's share price. A close below that could mean additional declines.
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The deal will immediately boost earnings—and it provides some new growth options for Splunk.
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The current strike will likely reset the domestic bar on labor costs.
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Massive net-lease REIT W.P. Carey plans to exit the office space – and it may just create some opportunities in Dallas-Fort Worth and across Texas.
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Even by the standards of electric-vehicle startups, the $40 billion market value of Vietnamese electric-vehicle startup VinFast is wild. The good news for investors is that the stock is about to get easier to be
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The $19 billion transaction was was approved at a unit holder meeting Thursday, despite some investor opposition to the deal.
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The sale had come under scrutiny with one of the top holders in Magellan, Energy Income Partners LLC, saying in June that it would vote against the deal, due to a burdensome tax structure. Independent proxy advisory firms Glass Lewis & Co and ISS had recommended a vote in favor of the sale. Magellan, in its proxy, cautions that the merger is not conditioned on the compensation vote and that if the acquisition is approved, the executive compensation is payable.
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Some of the shine is wearing off shares of Nvidia and other U.S. semiconductor companies after a stunning 2023 rally, as investors weigh steep valuations, rising Treasury yields and signs of industry unease. Chip stocks soared to start the year, with the Philadelphia SE Semiconductor index rising over 50% through July. No stock symbolized the chip industry's success more than Nvidia, whose shares tripled in 2023 as the company's market value topped $1 trillion, driven by excitement over the central role of the company's products in artificial intelligence applications.
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(Bloomberg) -- Bond investors’ pain isn’t over yet, even though the Federal Reserve is done raising interest rates, said Bill Gross, the former chief investment officer of Pacific Investment Management Co.Most Read from BloombergIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsEx-Goldman Bankers Make a Fortune With Controversial Bet on Coal‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldIn an investment outl
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The S&P 500's monthslong drop turned into a nosedive in the past week. The index could tumble 7% to 4075.
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Shares of Cisco Systems fell nearly 4% in early trading after the networking-equipment company announced a $28 billion deal to buy analytics-and-security software company Splunk.
Splunk
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Enphase Energy upgraded, Brighthouse downgraded: Wall Street's top analyst calls
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Since coming on the scene, cryptocurrencies have fired the imaginations of online traders, currency speculators, and mathematicians alike. The leading digital currency, bitcoin, is currently priced at approximately $26,550 per coin, representing a ~60% increase year-to-date. And it looks like bitcoin will see a strong upward pressure on that price over the next year. The bitcoin algorithm has a built-in halving mechanism, whereby the reward given to miners for solving a blockchain link is cut in
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(Bloomberg) -- Oil erased an earlier decline after Russia said it would ban gasoline and diesel exports from Thursday. Most Read from BloombergIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsEx-Goldman Bankers Make a Fortune With Controversial Bet on Coal‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldBrent futures traded little changed above $93 after earlier falling as much as 1.4%. Diesel futures in Euro
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Networking-equipment giant Cisco Systems has struck a $28 billion deal to buy analytics and security software company Splunk.
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Seaport analyst Tom Curran upgraded shares of solar-tech firm Enphase to Buy from Neutral, and set a $185 price target—about 50% above the current market price.
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Cisco is buying the cybersecurity firm Splunk in a $28 billion deal as it bolsters its defenses against potential security threats that may be heightened by the widening use of artificial intelligence. The Silicon Valley tech giant will pay $157 per Splunk Inc. share. “Our combined capabilities will drive the next generation of AI-enabled security and observability,” Cisco Chair and CEO Chuck Robbins said in a prepared statement.
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Cisco Systems will acquire the cybersecurity and data analytics company for $157 a share in cash.
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Cisco Systems said on Thursday it would acquire cybersecurity company Splunk for about $28 billion. Cisco's offer price of $157 per share in cash, represents a premium of about 31% to Splunk's closing price on Wednesday. Upon the closing of the deal, Splunk CEO Gary Steele will join Cisco's executive leadership team reporting to Cisco CEO Chuck Robbins.
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Google executives have had extensive discussions about dropping Broadcom as a supplier of artificial-intelligence chips as early as 2027, according to a report.
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A major change coming in 2027 could boost the retirement savings of millions of lower- and middle-income Americans. The federal government will start matching 50% of retirement account contributions up to $2,000 per year through the new Saver’s Match program. This money injects funds directly into savers’ accounts rather than simply reducing tax bills. For […] The post The Federal Government Will Match Your Retirement Plan Savings By 50%. Here's Who Qualifies. appeared first on SmartReads by Sma
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FedEx reports better-than-expected fiscal first-quarter earnings, Klaviyo shares decline after the stock rises 9% in its trading debut, and KB Home posts an earnings beat and raises its fiscal-year revenue forecast.
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(Bloomberg) -- Canada, home to the world’s third-largest crude deposits, is poised to reshuffle global oil flows next year.Most Read from Bloomberg‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsCanada Pulls Diplomats, India Suspends Visas in Escalating FightPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingThe nearly completed expansi
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The family of a man who died after driving his car off a collapsed bridge while following directions from Google Maps is suing the technology giant for negligence.
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Alphabet-owned Google's executives have discussed dropping Broadcom as a supplier of artificial intelligence (AI) chips as early as 2027, The Information reported on Thursday.
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(Bloomberg) -- Stocks in Asia fell and the dollar strengthened Thursday after the Federal Reserve signaled interest rates will be higher for longer.Most Read from Bloomberg‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingFed Set to Pause Rate Hikes, But Don’t Count Out Another IncreaseStocks Fall as Yields Rise on Fed’s ‘Hawkish Skip’: Markets WrapBe
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An ex-Alameda employee claims a trader at the firm punched in a wrong decimal which led to bitcoin's 87% drop on Binance.US in 2021.
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Utilities have been staggered by rising bond yields and interest rates. Now we’re closer to the end of that regime than the beginning.
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As China's stock market struggles to recover, regulators have started to probe some hedge funds and brokerages on quantitative trading strategies amid a growing outcry against a sector able to profit from share price falls and volatility, sources said. The China Securities Regulatory Commission (CSRC) has checked with several major brokers over the past weeks about short-selling activities and trading strategies of their quant clients - funds that trade rapidly using derivatives and data-driven computer models, two people with direct knowledge of the probe said. Separately, the Shanghai and Shenzhen stock exchanges, under the CSRC's guidance, have sought information from major quant funds on their money-making strategies, another source said.
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Four years after it was created, Truist Financial is finally dealing with the issues that have damaged it. The case for investing now.
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(Bloomberg) -- While Chinese tech companies have long harbored ambitions to move into the electric car industry, EV upstart Nio Inc. has gone the other way — on Thursday releasing its first mobile phone. Most Read from Bloomberg‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingFed Set to Pause Rate Hikes, But Don’t Count Out Another IncreaseNearly Half of All Young Adults Live With Mom and Dad — and They Like ItSto
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Shares of companies that treat everything from Type 2 diabetes to sleep apnea have been sinking since new weight-loss medications skyrocketed.
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(Bloomberg) -- Apple Inc.’s major suppliers in Taiwan suffered another double-digit sales decline in August as weak consumer demand dragged down the wider electronics industry.Most Read from BloombergPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the Making‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsFed Set to Pause Rate Hikes, But Don’t Count Out Another IncreaseStocks Fall as Yields Rise on Fed’s ‘H
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Discover how Warren Buffett spends his multibillion-dollar fortune and amassed his $134 billion net worth, which grew by over $16 billion this year.
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Debt-free co-workers say they made sacrifices and smart choices, and they have little patience for sob stories.
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Here's what United Auto Workers members make, plus CEO compensation of the Detroit 3 execs.
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Explore gold mine grading, what defines a high-grade gold mine, and where the highest-graded mines in the world are found.
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A qualifying event allows you to change an existing health insurance policy, or sign up for a new one, outside of open enrollment periods.
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Medicare tax is a federal employment tax that funds a portion of the Medicare insurance program.
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Today's best CD rate is 5.80%, available from either The Federal Savings Bank for a 1-year term or Credit Human for a take-your-pick term between 12 and 17 months.
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You can get a personal loan while you are still in your repayment period for Chapter 13 bankruptcy, but it’s difficult. Learn how regulations vary between states,
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You can use a personal loan to pay for a wedding or any wedding-related cost, before or after your wedding. Learn how personal loans work and what they can cover.
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Personal loans are among the types of financial product veterans can get, although there are no personal loans specifically designed for disabled veterans.
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Several factors can shrink your monthly Social Security benefits payment. Here are three of the most common.
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When you turn 65, you have to decide whether or not to enroll in Medicare. This guide provides answers for people who are still employed.
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It may look like an arcade game, but the “dot plot” and other charts released by the Federal Reserve hold clues to how much you’ll pay for a mortgage, and even how likely it is you’ll be laid off.
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Speculators have amassed $600 billion in net short positions in U.S. Treasury futures, a leveraged trade that poses possible wider bond market risks if there's a government shutdown.
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Sovereign defaults occur when a nation can't pay its debts and is technically bankrupt, and they're more common than you might think. Learn more about their impact.
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If your job involves a lot of communications, math, or finance, it could be vulnerable to being disrupted by AI, if it hasn’t already.
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Tesla and foreign automakers could gain from the Big Three’s losses amid the UAW strike, according to Wedbush analysts.
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U.S. equities tumbled, with the S&P 500 falling 1.6% on Thursday, Sept. 21, 2023 amid concerns about rising interest rates following the Fed's comments Wednesday indicating that interest rates could stay higher for longer.
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The national debt is the total that a country owes to its creditors. This includes debt held by the public and intragovernmental debt in the United States.
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The collapse in demand for commercial office space spawned by the pandemic-related rise in "work from home" led real estate investor W.P. Carey to exit the business entirely.
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Microsoft has announced that its AI-driven "Copilot" tool is set to ship to users in the next two weeks for $30 per month.
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Kondratiev Wave is a long-term economic cycle, believed to result from technological innovation, that produces a long period of economic prosperity.
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Buying an engagement ring is a major step in a relationship. If you don’t have money saved up, you may want to get a personal loan to buy an engagement ring.
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When a government spends more than it brings in as tax revenue, it often must issue debt in the form of government bonds to raise more. Learn how national debt works.
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The reasons for a delay in getting your tax refund can range from incorrect information on your tax forms to a debt offset or even identity theft.
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Shares of Raymond James Financial declined after the financial firm reported a drop in client assets under management in August, which it blamed on falling stock prices.
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Evolutionary economics proposes that economic processes evolve and are determined both by individuals and society as a whole.
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Governments have options to reduce national debt, which include raising taxes and cutting spending.
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An X-mark signature is made by a person who is unable to append a full signature to a document due to illiteracy or disability.
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A direct consolidation loan is a type of direct loan that combines two or more federal education loans into a single loan.
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Broadcom shares dipped on news Google could move to in-house TPUs as early as 2027 as the scramble for AI market share intensifies.
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The Low Income Home Energy Assistance Program (LIHEAP) offers utility bill assistance for low-income people. Learn how LIHEAP works and who benefits.
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The U.S. debt grows every year. How does national debt affect you?
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The White House and Supreme Court have taken opposing positions on student loan forbearance. Learn what's in store for student borrowers with the SAVE plan.
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U.S. equities sank at midday on Thursday, Sept. 21, 2023 after the Fed suggested interest rates would likely remain higher for longer and weekly unemployment claims dropped.
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The Bank Panic of 1907 was a set of bank runs and bankruptcies that led industry leaders to draft the first version of the Federal Reserve System.
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The U.K. bank rate is currently at its highest since 2007, and any hike will especially hurt homeowners because British mortgages typically only have fixed rates for five years, as opposed to the 30 years common in the U.S.
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The CME FedWatch Tool provides the probabilities for Fed rate changes. The tool is based on prices for fed funds futures.
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A student loan consolidation can save you money on your student loans, but there are some pros and cons to consider.
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CrowdStrike Holdings boosted its outlook for subscription gross margin and operating margin over the next three to five years as demand for protections against cyber attacks grows.
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Our comparison of Costco vs. Sam’s Club reveals some similarities and surprising differences in pricing, products, services, membership fees, and savings.
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FedEx shares jumped after reporting better-than-expected profit as it cut costs and gained customers from rivals.
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Existing home sales dropped 0.7% in August to a seven-month low amid high prices and mortgage rates, and low inventory, a National Association of Realtors report showed.
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Student debt refers to loans used to pay for college tuition and repaid after the student graduates or leaves school.
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Learn about the various types of life insurance (term life, whole, universal variable, and final expense) and how to decide which is best for you.
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Unlike term life insurance, whole life policies cover you for life and let you build savings in a cash value that you can tap for future needs.
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Whole life insurance is permanent life insurance that pays a benefit upon the death of the insured and is characterized by level premiums and a savings component.
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Nio launched a smartphone that can be used with its cars, as the Chinese EV maker struggles to boost revenue.
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Cisco Systems will buy cybersecurity software company Splunk for $157 per share in cash, or approximately $28 billion in equity value, in a move that analysts see as an "aggressive strategic play in cybersecurity."
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OpenAI unveiled Dall-E 3, the latest iteration of its text-to-image AI tool that integrates with ChatGPT prompts, has better risk mitigation, and provides more elaborate images, as the competition to provide more sophisticated AI tools heats up.
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A noncancellable insurance policy can't be canceled by an insurance company, nor can premiums be increased or benefits reduced while you pay premiums.
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A subject offer is one that is intended to be informational in nature. It doesn't represent a firm commitment to sell but is subject to a counteroffer.
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Working a second job can bring in more money, but the costs of that second job need to be considered.
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A nontariff barrier is a trade restriction–such as a quota, an embargo, or a sanction–that countries use to further their political and economic goals.
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Stock compensation refers to the practice of rewarding employees with stock options that will vest, or become available for purchase, at a later date.
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Medicare supplement insurance, also known as Medigap, is private insurance sold to complement original Medicare coverage.
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De prijzen van koopwoningen zijn vorige maand opnieuw iets gestegen ten opzichte van de maand ervoor. Wel zijn de prijzen beduidend lager dan een jaar eerder.
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Ambulancemedewerkers kunnen uitkijken naar een loonsverhoging van 15 procent over 24 maanden. Dat is de uitkomst van de onderhandelingen tussen vakbonden FNV Zorg & Welzijn, CNV Zorg & Welzijn en Ambulancezorg Nederland.
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De Tweede Kamer wil de geplande verhoging van de brandstofaccijns met een jaar uitstellen. Daarmee wil de Kamer voorkomen dat automobilisten volgend jaar meer gaan betalen aan de pomp. Ook moet de energiebelasting met 200 miljoen euro omlaag.
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De 'graanruzie' tussen Polen en Oekraïne escaleert. Behalve dat Polen geen Oekraïens graan toelaat in het land, kondigde de Poolse premier Mateusz Morawiecki donderdag aan geen wapens meer te leveren aan Oekraïne. Wat is er aan de hand?
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De Tweede Kamer wil niet dat het openbaar vervoer volgend jaar duurder wordt. Vrijwel alle partijen roepen het demissionaire kabinet op de verwachte prijsstijgingen in het regionaal ov en bij de NS te voorkomen.
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Het planetarium van Eise Eisinga in het Friese Franeker wordt druk bezocht sinds het dinsdag de UNESCO-werelderfgoedstatus heeft gekregen, zegt directeur Adrie Warmenhoven. Het aantal bezoekers is sindsdien verdubbeld.
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Na een serie van veertien renteverhogingen in strijd tegen de hoge inflatie heeft de Bank of England besloten om de rente nu toch onveranderd te laten. Hiertoe besloot de Amerikaanse Federal Reserve woensdag ook al.
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Tientallen supermarkten vinden dat ze in juni te weinig vergoeding hebben gekregen voor het inzamelen van statiegeldflessen en -blikjes. Ze willen daarom een aanvullende compensatie van Statiegeld Nederland. Dat bevestigt de organisatie na berichtgeving van de NOS.
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min )
Bewindvoerders van BCC hebben een faillissement aangevraagd, meldt RTL Nieuws. Vanwege oplopende kosten en bezuinigingen door klanten valt het doek nu voor de elektronicaketen.
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min )
Schiphol gaat met zijn zes bagageafhandelaars aan de slag om het werk in de bagagehallen lichter te maken. De partijen hebben een gezamenlijk plan ingediend bij de Nederlandse Arbeidsinspectie.
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Nederlandse vissers lijden ook in 2023 verlies. Dat komt vooral door de hoge brandstofprijzen. Die zijn weliswaar wat gedaald ten opzichte van de pieken in 2022, maar nog steeds te hoog om het vissen winstgevend te maken.
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min )
De Fremantle Highway, waarop eind juli brand uitbrak, verlaat donderdag de Eemshaven. Het vrachtschip, dat was volgeladen met auto's, wordt eerst naar Rotterdam versleept en zal bij scheepsbouwer Damen afmeren.
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min )
Automaker Volvo zal binnenkort geen dieselauto's meer produceren. Het bedrijf heeft aangekondigd dat begin 2024 de laatste auto die op diesel rijdt uit de fabriek rolt. In 2030 zal Volvo alleen nog maar elektrische auto's produceren.
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min )
Nederlandse vissers lijden ook in 2023 verliezen. Dit komt vooral door hoge brandstofprijzen. Die zijn weliswaar wat gedaald ten opzichte van pieken in 2022 maar nog te hoog om winstgevend uit te varen op zoek naar vissen en garnalen.
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Schiphol gaat de komende tijd samen met de zes bagageafhandelaars aan de slag om het werk in de bagagehallen lichter te maken. De partijen hebben een gezamelijk plan ingediend bij de Nederlandse Arbeidsinspectie.
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min )
Polen, een van de belangrijkste bondgenoten van de Oekraïeners sinds de Russische invasie, stopt met het leveren van wapens aan Oekraïne. Het land richt zich alleen nog op de eigen verdediging, zei premier Mateusz Morawiecki woensdag.
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Dat de energieprijzen vorig jaar zo hard zijn opgelopen, kunnen we zelfs volgend jaar nog merken. Dit komt doordat bedrijven vaak met flinke vertraging hun eigen hogere energiekosten verwerken in hun prijzen, zegt De Nederlandsche Bank.
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min )
De wachttijden voor operaties lopen op in Limburg. Dat komt door personeelstekorten in de operatiekamers.
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min )
Vorige maand zaten 364.000 mensen werkloos thuis. Dat is 3,6 procent van de beroepsbevolking. Daarmee blijft het aantal werkzoekenden zonder baan zeer klein. Het aantal werkloze jongeren is in de afgelopen maanden wel wat gestegen.
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min )
De kans dat KPN, Vodafone en Odido begin volgend jaar nieuwe 5G-frequenties kunnen gebruiken, is verkeken. De belangrijke 5G-veiling is opnieuw vertraagd. Telecomproviders balen van het uitstel; ze vrezen dat Nederland zijn status als land met de beste mobiele netwerken verliest.
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Het aantal klachten over ongewenste intimiteiten, vernedering, racisme, uitbuiting en pesten op de werkvloer is bij 10 procent van de Nederlandse bedrijven en organisaties toegenomen. Dat meldt adviesbureau Berenschot na onderzoek.
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min )
Een groep Amerikaanse auteurs klaagt OpenAI, het bedrijf achter ChatGPT, aan. Zij zeggen dat het bedrijf onrechtmatig hun werk gebruikt om de AI-chatbot mee te trainen. Bekende schrijvers hebben zich bij deze groep gevoegd, zoals George R.R. Martin, de schrijver van de boeken van Game of Thrones.
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min )
Het aantal klachten over ongewenste intimiteiten, vernedering, racisme, uitbuiting en pesten op de werkvloer is bij 10 procent van de Nederlandse bedrijven en organisaties toegenomen. Dat meldt adviesbureau Berenschot na onderzoek.
( 3
min )
De kans dat KPN, Vodafone en Odido begin volgend jaar nieuwe 5G-frequenties kunnen gebruiken, is verkeken. De belangrijke 5G-veiling is opnieuw vertraagd. Telecomproviders balen van het uitstel; ze vrezen dat Nederland zijn status als land met de beste mobiele netwerken verliest.
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min )
CDs are already paying 20-year record rates, offering as much as 5.80%. But will they climb higher still? Today's Fed announcement provides some clues.
( 17
min )
Today's best CD rate is 5.80%, available from either Credit Human for a take-your-pick term between 12-17 months, or from The Federal Savings Bank for a 12-month term.
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The S&P 500 lost almost 1%, while the Dow and Nasdaq also fell on Wednesday, Sept. 20, 2023, after the Federal Reserve indicated it could raise interest rates again this year.
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The Department of Education has forgiven the federal student loans of University of Phoenix students who said they were misled by a 2012 ad campaign promising job opportunities.
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Klaviyo shares rose just over 9% on their first day of trading after the marketing automation firm priced its shares above its marketed range at $30.
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The Michigan Consumer Sentiment Index (MCSI) is a monthly survey that gathers information on American consumer expectations regarding the overall economy.
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The U.S. Securities and Exchange Commission tightened rules to enforce greater alignment between a fund's name and its portfolio, in a move that could impact 75% of investment funds in the U.S. managing trillions of dollars in assets.
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A dragonfly doji is a candlestick pattern that signals a possible price reversal. The candle is composed of a long lower shadow and an open, high, and close price that equal each other.
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The Monetary Union Index of Consumer Prices (MUICP) is an aggregate measure of consumer inflation for all countries located in the Eurozone.
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Shares of Textron took off on Wednesday after the aircraft maker expanded its deal to sell planes to Berkshire Hathaway-owned private jet provider NetJets.
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If you’re waiting for interest rates on mortgages, car loans, credit cards, and other kinds of credit to fall significantly, don’t hold your breath.
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Most people (78%) support homebuilding as limited supply pushes home prices higher, but few have positive feelings about a new apartment complex in their neighborhood, according to a Redfin survey.
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Before committing to a purchase, buyers need to visualize a property as their future home. Skilled home staging can help them do that.
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While Amazon aims to bring on 250,000 seasonal employees, others employers aren’t raising hiring levels, and some haven’t even set targets yet. By one estimate, that could result in slowest holiday hiring since 2008.
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Asset allocation is the process of deciding where to put money to work in the market. It addresses your goals, your risk tolerance, and your investment horizon.
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Unions for workers at Apple's retail stores in France have called for a strike this weekend, just in time for the launch of the company's new iPhone 15.
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The Medicare Part B premium is a monthly fee parfticipants pay for subsidized insurance coverage of outpatient healthcare services.
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The Federal Reserve has passed up a chance to throw more sand into the economy’s gears, declining to hike its benchmark interest rate for a 12th time in its year-and-a-half-long battle against inflation.
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Battery electric vehicles (BEV) accounted for a record 21% of all new car registrations in the European Union (EU) in August, the European Automobile Manufacturers' Association (ACEA) said Wednesday.
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Boeing on Wednesday raised its demand outlook for China, which could bode well for the country's e-commerce retailers including Alibaba, JD.com, and Pinduoduo.
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U.S. equities were mixed and bond yields fell at midday on Wednesday, Sept. 20, 2023, ahead of the Fed's decision on interest rates.
( 18
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Shares of General Mills were lower Wednesday after the breakfast food giant's profit fell as it lost market share, especially in North America.
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Bank of America raised its outlook for the S&P 500 this year, in part because of anticipated benefits from artificial intelligence.
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If you’re looking for a flexible way to earn more interest on your savings, Fidelity Investment’s Cash Management Account offers a modest APY and unique perks worth considering.
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An exclusive listing is an agreement in which one real estate broker is authorized to act as the sole agent of the seller. Learn how exclusive listings work.
( 27
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Eli Lilly sued 10 medical spas, wellness centers, and compounding pharmacies across the U.S. for allegedly selling fraudulent products claiming to be its popular diabetes drug, Mounjaro.
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CD rates have still been rising in several terms—setting a handful of new records. But rates are flat or fading in other terms. Is it a sign the CD rate party is winding down?
( 18
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Ford and Canadian labor union Unifor agreed on a last-minute deal that averted strike action in Canada, while striking workers in the U.S. warned of further action.
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Real property includes a parcel of land and everything permanently attached to the land, plus the rights inherent in ownership of the real estate.
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Agribusiness is the business sector encompassing farming and farming-related commercial activities.
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Find out about the top 10 wealthiest families in the world and how they made their fortunes.
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The Cox-Ingersoll-Ross model is a mathematical formula used to model interest rate movements and is driven by a sole source of market risk.
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CDs are already paying 20-year record rates, offering as much as 5.80%. But will they climb higher still? Today's Fed announcement provides some clues.
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Brent crude could hit $120 a barrel, marking a 60% jump over the second half of 2023, JPMorgan warned.
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(Bloomberg) -- Instacart, the US grocery-delivery giant that soared by as much as 43% in its trading debut Tuesday, has now wiped out virtually all of those gains as investors question its growth prospects.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingFed Set to Pause Rate Hikes, But Don’t Count Out Another IncreaseTrudeau’s Murder Claim Risks Upending US Courtship of IndiaStocks Fall as Yields Rise on Fed’s ‘Hawkish Skip’: Markets WrapDollar Rally
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A legal team that forced Tesla's directors to agree in July to return more than $700 million in compensation to the automaker for allegedly overpaying themselves are now seeking a huge payday of their own. The lawyers want a judge to approve $229 million in fees, or $10,690 an hour, according to a Sept. 8 filing in Delaware's Court of Chancery. The sum would be distributed among lawyers from four firms that spent several years building a case against the compensation paid to Tesla's directors from 2017 to 2020.
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Klaviyo shares rose just over 9% on their first day of trading after the marketing automation firm priced its shares above its marketed range at $30.
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(Bloomberg) -- The seemingly low-stakes world of text and email customer messaging revealed some big fortunes Wednesday, as marketing technology firm Klaviyo Inc. began trading in New York. Most Read from Bloomberg‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingNearly Half of All Young Adults Live With Mom and Dad — and They Like ItFed Set to Pause
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FedEx raised the lower end of its full-year adjusted profit forecast on Wednesday as it benefited from problems experienced by rivals UPS and Yellow. FedEx's shares rose 4% to $261.38 after the bell. The company, which has been slashing costs to protect profits, has also benefited as some worried UPS customers shifted packages to the FedEx network ahead of the Aug. 1 expiration of that rivals' contract covering about 340,000 United Brotherhood of Teamsters-represented workers.
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Investors would do better taking an equal-weighted approach to buying the S&P 500, a Bank of America strategist says.
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The company has been under pressure for months to consider splitting its business in two.
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Following a lawsuit against FTX Trading founder Sam Bankman-Fried's parents alleging that Stanford University received millions of dollars in donations from the now-collapsed cryptocurrency exchange, the school says it will return the funds of all gifts collected from FTX and related companies. Lawyers for FTX on Monday accused Allan Joseph Bankman and Barbara Fried of exploiting their influence over their son to siphon millions from the company, while spending lavishly on a luxury home as well as funneling contributions to “pet causes” — and Stanford University.
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(Bloomberg) -- More colleges and universities in the US are headed for closures or mergers, with enrollment declining across higher-education institutions, according to Fitch Ratings Inc.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingFed Set to Pause Rate Hikes, But Don’t Count Out Another IncreaseTrudeau’s Murder Claim Risks Upending US Courtship of IndiaDollar Rally Is Crushing One of the Most Popular Trades of 2023A handful have already shuttered
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The family of a North Carolina man who died after driving his car off a collapsed bridge while following Google Maps directions is suing the technology giant for negligence, claiming it had been informed of the collapse but failed to update its navigation system. Philip Paxson, a medical device salesman and father of two, drowned Sept. 30, 2022, after his Jeep Gladiator plunged into Snow Creek in Hickory, according to a lawsuit filed Tuesday in Wake County Superior Court. Paxson was driving home from his daughter’s ninth birthday party through an unfamiliar neighborhood when Google Maps allegedly directed him to cross a bridge that had collapsed nine years prior and was never repaired.
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Shares of semiconductor giant Intel (NASDAQ:INTC) fell by 4.5% on Wednesday, following disquieting remarks made by the company's CFO, David Zinser, at the Innovation Conference held on Tuesday. Zinser indicated that Intel is more than a year away from reaching a break-even point in operating cash flow, a statement that came as a surprise given the company's ongoing efforts to revitalize its chip business.
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Brent crude futures, the international benchmark, have jumped over the past month to a recent $93 per barrel.
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When it comes to remote work (and whether it’s actually as productive as being in the office), the problem boils down to differences in perspective.
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The Fed is meeting today to decide whether to again raise rates as it battle inflation. Here's what it means for interest rates and mortgages.
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Warren Buffett had some advice for American Express CEO Steve Squeri at the start of the pandemic.
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CD rates have still been rising in several terms—setting a handful of new records. But rates are flat or fading in other terms. Is it a sign the CD rate party is winding down?
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D.A. Davidson analyst Tom Forte and Citi analyst Ronald Josey raised their ratings on the social-media company to Buy from Neutral.
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Dividend stocks are the multi-purpose tool of the markets. They offer investors a two-pronged path towards profitable returns, including a measure of defense against tough market conditions along with a steady source of passive income. It’s an attractive combination. The best dividend stocks will give an inflation-beating income based on the dividend alone, backing it up with a long-term history of reliable payments. It’s a win-win situation for investors: when the stock goes up, you’ll make mon
( 35
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Intel has delivered a series of artificial-intelligence chip announcements, but one disclosure from its technology conference was poorly received by Wall Street analysts.
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(Bloomberg) -- Russian diamond miner Alrosa PJSC paused sales for two months, citing weak market conditions.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingTrudeau’s Murder Claim Risks Upending US Courtship of IndiaF-35 Debris Found After a $100 Million Fighter Jet Went MissingIndia, Canada Trade Diplomatic Blows Over Murder AllegationsThe miner is temporarily halting the allocation of rough diamonds in September and October, Alrosa said in a memo to
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Director Harry L. You just bought $860,000 of Broadcom stock. It was the second large stock purchase by an insider at the chip maker this year.
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Instacart’s IPO could provide a win-win for the grocery delivery service and its employees, thanks to a unique stock option provision.
( 32
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Instacart shares stumble a day after their solid trading debut, Ford reaches a tentative deal with its Canadian autoworkers, and Pinterest shares are upgraded after a solid forecast from the social-media company.
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RBC Capital Markets initiated coverage of the company with a Buy rating and a price target implying the stock could rise close to 30%.
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Why are gas prices so expensive? When will gas get cheaper? Where can you get the cheapest gas? Here's what you need to know.
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(Bloomberg) -- A former Wall Street trader who became the head of a major crypto company has been caught up in allegations about drug use and his relationship with a 19-year-old intern at a Bitcoin conference last year as part of a lawsuit filed by a former colleague. Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingTrudeau’s Murder Claim Risks Upending US Courtship of IndiaF-35 Debris Found After a $100 Million Fighter Jet Went MissingDollar Rally Is
( 33
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(Bloomberg) -- For active managers, the math is stark. Out of thousands of mutual funds, literally only one beat the Nasdaq 100 over the last five, 10 and 15 years. It did so by boiling down stock picks to about two dozen companies and riding almost all of them to gains.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingTrudeau’s Murder Claim Risks Upending US Courtship of IndiaF-35 Debris Found After a $100 Million Fighter Jet Went MissingDollar Rally I
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Factory workers want more pay and less hours, but that’s at odds with how U.S. manufacturers of cars, aircraft and semiconductors have lost ground.
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Generative AI burst onto the scene last November, and fueled a boom in tech stocks – a boom that effectively ended last year’s bear and sparked off this year’s market rally. But some headwinds are starting to pile up, and some market bigwigs are predicting a crash on the horizon. Ken Griffin, the billionaire investor and founder of Citadel, is downbeat on the near term, saying, “I’d like to believe that this rally has legs, [but] I’m a bit anxious we’re in the seventh or eighth inning of this ra
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The S&P 500 is up 15.7% so far this year, largely driven by a rally in a handful of mega-cap growth stocks such as Nvidia and Meta that have ridden the artificial intelligence (AI) boom. While the rally has been moderating, BofA remains in "neutral" to "positive" territory on U.S. stocks, with a bias towards equal-weighted stocks, strategists led by Savita Subramanian said. An equal-weight index assigns uniform weights to each constituent, unlike a market capitalization-based index, like the S&P 500, where bigger companies tend to have an outsized influence.
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Lennar, a homebuilder ranked No. 119 on the Fortune 500, is presently promoting a "fixed [mortgage] rate of 4.25%" in Colorado.
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Both payment companies have been struggling in a post-Covid world.
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(Bloomberg) -- A top-performing equity fund with years-long investments in the insulin makers behind the recent weight-loss stock frenzy is betting the rally has further to run.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingTrudeau’s Murder Claim Risks Upending US Courtship of IndiaF-35 Debris Found After a $100 Million Fighter Jet Went MissingIndia, Canada Trade Diplomatic Blows Over Murder AllegationsNovo Nordisk A/S and Eli Lilly & Co. are among t
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Pinterest (NYSE:PINS) was raised to Buy/High Risk from Neutral at Citi on Wednesday with a $36.00 price target, up from the prior $31.00.
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(Bloomberg) -- It’s touted by some as possibly the world’s biggest-ever deep-water oil find. Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingF-35 Debris Found After a $100 Million Fighter Jet Went MissingTrudeau’s Murder Claim Risks Upending US Courtship of IndiaIndia, Canada Trade Diplomatic Blows Over Murder AllegationsThe discovery off the shores of Namibia last year by TotalEnergies SE and Shell Plc of an estimated 11 billion barrels of crude has
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Shares of HDFC Bank fell 3% on Wednesday after the country's top private lender said its completed merger with HDFC Ltd would affect some key financial ratios. The bank expects pressure on its net interest margins (NIM) and a rise in non-performing assets (NPA), according to analyst reports following an analyst meet earlier this week.
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(Bloomberg) -- Equity-linked debt issuance by Asian firms is set for its busiest quarter since March 2022, with a $1 billion convertible bond from Chinese electric-vehicle maker Nio Inc. adding to signs of growing demand for the hybrid instruments.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingF-35 Debris Found After a $100 Million Fighter Jet Went MissingTrudeau’s Murder Claim Risks Upending US Courtship of IndiaIndia, Canada Trade Diplomatic Blows
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NIO’s Hong Kong shares fell following an overnight drop in U.S.-listed shares after the Chinese electric-vehicle maker said it would raise $1 billion via a bond issuance.
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Canadian union Unifor said on Tuesday evening that it had reached a tentative agreement with Ford Motor. Unifor, which represents about 5,600 Canadian auto workers, were threatening to go on strike at all three of Ford's plants in the country if a deal was not reached by 11 59 p.m. on Tuesday (0359 GMT on Wednesday).
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Oil prices fell nearly $1 on Wednesday ahead of the U.S. Federal Reserve's interest rate decision, with investors uncertain when peak rates will be hit and how much of an impact it will have on energy demand. Prices fell despite a bigger-than-expected draw in U.S. oil stockpiles and weak U.S. shale output that indicated tight crude supply for the rest of 2023. Global benchmark Brent crude futures were last down 88 cents, or 0.9%, at $93.46 a barrel by 0650 GMT.
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Bitcoin rose on Wednesday morning in Asia to trade above US$27,200. Ether remained flat at around US$1,640. All other top 10 non-stablecoin tokens logged gains.
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Chinese electric vehicle maker Nio Inc said on Wednesday it had raised $1 billion in a two-tranche convertible bond from which it intends to use the proceeds to pay down debt and strengthen its balance sheet. The company raised $500 million in a six-year put-four convertible bond and the same amount in a seven-year put-five bond. The bonds will be senior, unsecured notes.
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Philip Morris is considering selling its stake in a recently acquired pharmaceutical business after setbacks.
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De Amerikaanse Federal Reserve heeft de belangrijkste rentestand woensdag ongemoeid gelaten. De koepel van centrale banken maakte lenen het afgelopen anderhalf jaar in elf stappen duurder in de strijd tegen de inflatie. Wel verwachten beleidsmakers dit jaar nog een renteverhoging.
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De provincie Zuid-Holland blijft worstelen met Chemours. De provincie wil de chemische fabriek in Dordrecht het liefst harder aanpakken, maar loopt daarbij tegen de juridische grenzen aan.
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Wat betekent Prinsjesdag voor jouw koopkracht? Dat kun je bekijken met deze tool.
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Het lidmaatschap van een vakbond kost al snel twee tientjes per maand. Ondertussen hebben werknemers door de krapte op de arbeidsmarkt meer macht dan ooit. Wat is lid zijn van een vakbond nog waard?
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Meer mensen hebben hun vaste lasten niet op tijd betaald dit jaar in vergelijking met vorig jaar. Het gaat om een toename van openstaande rekeningen voor onder meer zorgpremie en energie.
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De Europese Commissie heeft woensdag een voorstel gedaan om de omstreden onkruidverdelger glyfosaat nog eens tien jaar toe te staan. Als een ruime meerderheid van de EU-landen zich er niet tegen verzet, kan het bestrijdingsmiddel tot minstens 2033 worden gebruikt.
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Het lidmaatschap van een vakbond kost al snel twee tientjes per maand. Ondertussen hebben werknemers door de krapte op de arbeidsmarkt meer macht dan ooit. Wat is lid zijn van een vakbond nog waard?
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De provincie Zuid-Holland heeft aangifte tegen Chemours gedaan omdat het een stof illegaal loost. Daarvoor heeft het chemiebedrijf uit Dordrecht geen vergunning.
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Disney is van plan om de komende tien jaar 60 miljard dollar te investeren in zijn pretparken en cruiserederij. Daarmee hoopt het bedrijf nieuwe klanten te trekken.
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Veel partijen hebben in hun verkiezingsprogramma een verhoging van het minimumuurloon opgenomen, maar daar kleven volgens demissionair premier Mark Rutte risico's aan. Het is duur, is moeilijk te dragen voor de staatskas en kan ook de toch al hoge inflatie verder aanwakkeren, zegt hij.
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Nederland geeft inderdaad tientallen miljarden euro's per jaar uit aan fossiele subsidies, berekende het demissionaire kabinet op Prinsjesdag. Koren op de molen van de klimaatactivisten op de A12, maar in verkiezingstijd ook op die van demissionair klimaatminister en D66-leider Rob Jetten.
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Al in de jaren zeventig was bekend dat in het gebied rond Tata Steel veel kankerverwekkende stoffen in de lucht hingen. Maar een rapport daarover van de provincie Noord-Holland en de gemeente Amsterdam raakte snel in vergetelheid.
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Meer mensen hebben hun vaste lasten niet op tijd betaald dit jaar in vergelijking met vorig jaar. Het gaat om een toename van openstaande rekeningen voor onder meer zorgpremie en energie.
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De prijzen in het Verenigd Koninkrijk zijn afgelopen maand gedaald tot 6,7 procent. De grote vraag is of de Bank of England donderdag de rente alsnog gaat verhogen.
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Twee dagen nadat een adviescommissie heeft geadviseerd de Chemours-fabriek in Dordrecht per direct stil te leggen, vergaderen de Provinciale Staten in Zuid-Holland erover door. Maar een directe sluiting van de fabriek ligt niet voor de hand.
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Niet eerder sinds het aantreden van koning Willem-Alexander zijn de kosten voor het koningshuis zo hard gestegen. Voor 2024 is ruim 11 procent meer begroot dan voor dit jaar.
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In de eerste helft van dit jaar kwam bijna de helft van de opgewekte elektriciteit uit natuurlijke bronnen, zoals wind en zon. De elektriciteitsproductie uit fossiele bronnen daalde juist ten opzichte van een jaar eerder.
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Op NU.nl vind je elke dag een stelling die bij het nieuws past. De financiële kabinetsplannen voor aankomend jaar zijn gisteren op Prinsjesdag gepresenteerd. Het demissionaire kabinet trekt onder meer veel geld uit voor armoedebestrijding. Vandaag is de stelling: 'Ik ben tevreden met de kabinetsplannen tegen armoede'.
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Twee dagen nadat een adviescommissie heeft geadviseerd de Chemours-fabriek in Dordrecht per direct stil te leggen, vergaderen de Provinciale Staten in Zuid-Holland erover door. Maar een directe sluiting van de fabriek ligt niet voor de hand.
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Twee dagen nadat een adviescommissie heeft geadviseerd de Chemours-fabriek in Dordrecht per direct stil te leggen, vergaderen de Provinciale Staten in Zuid-Holland erover door. Maar een directe sluiting van de fabriek ligt niet voor de hand.
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All three Instacart cofounders and several early employees took the IPO opportunity to cash out some of their founding equity.
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Intel sees a couple of quarters of "inventory digestion" in the data center chip business.
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The recent decline in the ETH/BTC ratio continues a trend that began more than a year ago.
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Nikola CEO Steve Girsky asked about Tesla when he joined General Motors' board in 2009, and was told Elon Musk's company wasn't a serious threat.
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FTX has sued founder Sam Bankman-Fried’s parents to recover millions of dollars in “fraudulently transferred and misappropriated funds,” the company said in a court filing late Monday.
Joseph Bankman and Barbara Fried, both Stanford Law School professors, “exploited their access and influence withi
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(Bloomberg) -- Instacart co-founder Apoorva Mehta is checking out with a $1.1 billion fortune following the grocery-delivery company’s initial public offering.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingF-35 Debris Found After a $100 Million Fighter Jet Went MissingIndia, Canada Trade Diplomatic Blows Over Murder AllegationsVanderbilt Rips US News Over Slide in College RankingsMehta, 37, who stepped down as chief executive officer in August 2021,
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Intel sees a couple of quarters of "inventory digestion" in the data center chip business.
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SEC Asks Court To Compel Binance US To Produce Documents
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Apoorva Mehta created Instacart in his bedroom. But he's stepped down as chairman and is now taking on a new target market: healthcare.
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As the auto industry strike grinds on, Here's what UAW workers are asking for from Ford, GM and Stellantis.
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(Bloomberg) -- A New York firm that managed billions of dollars for sanctioned Russian oligarch Roman Abramovich was sued by the Securities and Exchange Commission for not registering as an investment adviser.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingF-35 Debris Found After a $100 Million Fighter Jet Went MissingIndia, Canada Trade Diplomatic Blows Over Murder AllegationsTrudeau’s Murder Claim Risks Upending US Courtship of IndiaThe SEC filed su
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With elevated interest rates, securing a mortgage to buy a house can be challenging. But what could be more surprising is how the numbers actually work once you start making mortgage payments. "New mortgage math is brutal," Austen Allred, co-founder and CEO of online coding bootcamp Bloom Institute of Technology, wrote in a recent tweet. Allred explained that if you purchase a $1 million house with a $200,000 down payment and get an $800,000 mortgage at a 7% interest rate, in the first three yea
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Charles Schwab has been beset by concerns over deposit outflows and attrition of TD Ameritrade advisors and customers. Those problems may be set to recede.
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In the volatile world of stock trading, healthcare companies Novavax (NASDAQ:NVAX) and Invitae (NYSE:NVTA) have been making headlines as they navigate significant financial challenges. Both firms are taking measures to reduce costs, aiming to improve their financial standing and appeal to a broader range of investors.
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American depositary receipts of Nio sank after the Chinese electric vehicle maker announced the sale of $1 billion in convertible bonds as it struggles to boost revenue.
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Mortgage rates continue to yo-yo, with a two-day rise pushing the 30-year average very close to the 22-year high it registered earlier this month.
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As part of the United Auto Workers (UAW) union strike against Detroit's Big Three, approximately 13,000 autoworkers recently walked off the job. According to former President Donald Trump, the future looks bleak for America's automotive industry. "The autoworkers will not have any jobs, Kristen, because all of these cars are going to be made in China. The electric cars, automatically, are going to be made in China," Trump told NBC's Kristen Welker during a recent "Meet the Press" interview. "The
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Microsoft (NASDAQ:MSFT), the globally recognized software company, has announced a 10% increase in its dividend payout on Tuesday. This marks the tenth consecutive year of such an increment, reflecting the company's robust financial health and commitment to its shareholders.
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Legendary investor Warren Buffett has achieved astounding returns throughout his career. From 1964 to 2022, his company Berkshire Hathaway Inc. (NYSE:BRK) delivered an overall gain of 3,787,464%, dwarfing the S&P 500's 24,708% return during the same period. Other than picking stocks that skyrocketed in value, Buffett also collects dividends — a lot of dividends. Buffett famously said, "If you don’t find a way to make money while you sleep, you will work until you die." Don’t Miss: Passive income
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When Instacart’s stock starts trading Tuesday, employees will be among those watching the price closely.
One big reason: There’s a provision in the company’s regulatory filing to go public that says if the stock trades at more than 120% of its IPO price for at least five of 10 consecutive trading d
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min )
The software giant has raised its payout for 10 straight years.
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The amount of money tied up in active Bitcoin futures contracts has risen again, to above $3.2 billion, with traders overwhelmingly bullish on cryptos.
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In the early days of the strike, many auto parts suppliers were already worried that it could lead to massive job losses and insolvency.
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Shares of grocery delivery company Instacart are set to start trading on the Nasdaq on Tuesday under ticker "CART" after setting its IPO price at the top of its range at $30 per share, valuing the company at about $10 billion.
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After deep losses last year, an AI boom has driven the stock market to a rebound in 2023. The biggest winners have been the mega-caps, companies like Alphabet, Microsoft, and Nvidia, whose size, market share, and exposure to AI have attracted investors in droves. The result, according to investing legend Jeremy Grantham, is a decidedly unstable situation, reminiscent of past stock bubbles. Grantham, who is the co-founder of Boston-based GMO, a firm that has ~$58.8 billion of assets under managem
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Parks revenue has long been a bright spot for the company that has helped offset losses from its streaming division and other areas.
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(Bloomberg) -- Cboe Global Markets Inc. said Edward Tilly has resigned following an investigation that determined the chief executive officer didn’t disclose personal relationships with colleagues. Most Read from BloombergDebris Spotted in Search for Missing US F-35 Fighter JetIndia, Canada Trade Diplomatic Blows Over Murder AllegationsVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingHow Auto Executives Misread the UAW Ahead of Historic StrikeThe derivatives and securities ex
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Walt Disney says it plans to spend $60 billion to expand its theme parks, cruise lines and similar ventures over the next decade. Its shares were down more than 2% shortly after Tuesday's open. Read [more about Disney's plan here](https://www.wsj.com/business/media/disney-to-invest-60-billion-in-the
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The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 19, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
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The offering values the delivery firm at $9.9 billion. Instacart starts trading Tuesday on the Nasdaq under the symbol CART.
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Since peaking in July, Royal Caribbean is down 15%, Carnival has fallen 23%, and Norwegian is down 25%.
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Intel could be an AI stock, Melius Research analyst Ben Reitzes writes in a research note.
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Despite elevated Treasury yields and an uncertain Fed outlook, analysts at Wedbush remain bullish on AI driving more gains for tech stocks.
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(Bloomberg) -- There’s an invisible force driving the most popular options trade of the year — one that gives Wall Street pros and day traders alike the power to turn a $1 investment into a $1,000 stock bet.Most Read from BloombergDebris Spotted in Search for Missing US F-35 Fighter JetIndia, Canada Trade Diplomatic Blows Over Murder AllegationsVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingHow Auto Executives Misread the UAW Ahead of Historic StrikeXi’s Missing Defense Chi
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'We like that Dorsey is stepping in to lead Square strategy directly,' analysts at J.P. Morgan wrote in a note following Block's filing.
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Canada's Trans Mountain oil pipeline expansion (TMX), which will nearly triple the flow of crude from Alberta to Canada's Pacific Coast beginning early next year, will shake up North America's supply by diverting barrels now mainly delivered to refiners and exporters in the U.S. Midwest and Gulf Coast. Its startup could add as much as $2 per barrel to prices paid by U.S. Midwest oil refineries that sit along Canada's existing main oil-export route. "They will be competing for barrels that no longer transit through their region," said a Calgary-based oil trader.
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Share of chip-design firm Arm were falling again early Tuesday but majority owner SoftBank was counting its gains from the company's IPO.
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Rising interest rates are boosting risky corporate-loan returns instead of hurting them.
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Nikola and Fisker also have issued convertible bonds recently.
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The stock market is regularly affected by wider macro developments but that only paints part of the picture. While overall market conditions can push any stock down, when you zoom in, you’ll find that every stock writes its own story, with its own reasons for ups and downs, and savvy investors will make sure to do the background research, learning those idiosyncratic reasons, before buying in. Recognizing this, we’ve turned to some of the Wall Street analyst recommendations for pointers on two s
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“The U.S. workforce is among the most stressed in the world, and these workplace stressors can be as harmful to health as obesity."
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NIO plans to raise $1 billion by issuing convertible senior notes, Moderna stock rebounds slightly, and the head of Square, Block's payments platform, is stepping down.
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The Dow Jones Industrial Average, a barometer of Wall Street's health for over 127 years, is considering a reshuffle that may see three of its constituents - Walgreens Boots Alliance (NASDAQ:WBA), Verizon Communications (NYSE:VZ), and Intel (NASDAQ:INTC) - facing removal due to their dwindling share prices. The index, unlike the market cap-weighted indices like the S&P 500 and Nasdaq Composite, is share price-weighted. This means that the higher a component's share price, the more influence it h
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A new report from short-selling research firm S3 Partners shows how much money is being bet against automotive stocks.
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The third quarter is almost over so it's time for a Tesla delivery preview.
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For most of this century, Germany racked up one economic success after another, dominating global markets for high-end products like luxury cars and industrial machinery, selling so much to the rest of the world that half the economy ran on exports. Jobs were plentiful, the government's financial coffers grew as other European countries drowned in debt, and books were written about what other countries could learn from Germany. Now, Germany is the world’s worst-performing major developed economy, with both the International Monetary Fund and European Union expecting it to shrink this year.
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The big wireless carriers are offering aggressive phone deals, but incentive levels are similar to last year.
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(Bloomberg) -- China is witnessing the biggest flight of capital in years, creating concern for authorities as it worsens pressure on the beleaguered yuan. Most Read from BloombergDebris Spotted in Search for Missing US F-35 Fighter JetHow Auto Executives Misread the UAW Ahead of Historic StrikeVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingXi’s Missing Defense Chief Opens Door for US Military TalksTrillion-Dollar Industry Powering Chicago at Risk of LeavingThe currency has
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Electric vehicle maker NIO plans to raise $1.0 billion by issuing convertible senior notes to pare debt and boost its balance sheet.
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The offering values the delivery firm at $9.9 billion. Instacart starts trading Tuesday on the Nasdaq under the symbol CART.
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To help you find the right CD, savings, or money market account, we research 200 financial institutions every business day to unearth the best rates. Here's the criteria we use.
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Today's best CD rate is 5.80%, available from either Credit Human for a take-your-pick term between 12-17 months, or from The Federal Savings Bank for a 12-month term.
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Surrender rights refer to the right to cancel an annuity or life insurance contract in exchange for its cash value.
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Shares of grocery delivery company Instacart gained 12% on their first day of trading, after pricing shares at the top end of its estimate.
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Almost half of CEOs surveyed by edX said most or all of their jobs could be completely automated or replaced by artificial intelligence.
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U.S. equities fell on Sept. 19, 2023, with the S&P 500 Index lost 0.2% after investors' concerns grew that the Federal Reserve would once again raise benchmark rates this year.
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The economic world we’ve gotten used to since 1982—where recessions are few and far between—may be coming to an end, according to an analysis by economists at Deutsche Bank.
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Blockbuster listings for Instacart today and Arm last week may suggest that the sluggish initial public offering market may be turning. However, there may be reason to temper that optimism a little.
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The OECD lowered its forecast for the global economy in 2024 as inflation proves more persistent than expected and a slowdown in China’s economy weighs on growth.
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Disney is doubling its investment in theme parks, cruises, and experiences over the next ten years amid a surge in revenue from its international theme parks.
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Actuarial Age is an individual's life expectancy based on calculations and statistical modeling.
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A level death benefit is an insurance payout that is the same whether the insured person dies shortly after purchasing the policy or many years later.
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If your application for credit is rejected, the creditor owes you an accurate explanation—even if it was an artificial intelligence system or complex algorithm that made the decision, the government’s consumer watchdog says.
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Stock is a security that represents ownership in a corporation. Stock can be either common or preferred. This article discusses the differences between the two.
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A valuation mortality table is a statistical chart used by insurers to calculate the statutory reserve and cash surrender values of life insurance policies.
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New crypto projects emerge frequently, which makes it even more important to know how to assess the market.
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A convertible insurance policy allows the insured to switch a term policy to a permanent policy at a later date.
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Android dominates the market for mobile operating systems, and is the default operating system for more than four-fifths of smartphones sold worldwide while the iOS is more popular in the U.S.
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How you take a 401(k) distribution can greatly impact your taxes. Read about 10 ways to help reduce the taxes you pay on 401(k) withdrawals.
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A good student discount is an auto insurance policy discount for young drivers who earn good grades in school. It's typically available to high school and college students.
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Gap insurance covers the difference between the compensation you receive after a total loss of your vehicle and the amount you still owe on a car loan.
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Still lagging ChatGPT by a wide margin, Google's Bard has received a slew of updates that will make it more relevant to everyday lives.
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U.S. equities dropped at midday on Tuesday, Sept. 19, 2023, as the Fed kicked off its two-day policy meeting, with a decision on interest rates expected on Wednesday.
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Rocket Lab's latest space mission failed two-and-a-half minutes into launch, and shares tumbled.
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American depositary receipts of Nio sank after the Chinese electric vehicle maker announced the sale of $1 billion in convertible bonds as it struggles to boost revenue.
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Mortgage rates continue to yo-yo, with a two-day rise pushing the 30-year average very close to the 22-year high it registered earlier this month.
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Learn about the real impact of budget deficits on the economy and see why government financing reduces private financing.
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Black, Latina, and Hispanic women investors report more knowledge about investing and retirement planning than five years ago, according to a survey by J.P. Morgan Wealth Management. More than two-thirds surveyed said they started investing to build generational wealth.
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With ongoing bilateral political tensions, lingering Covid-19 disruptions, and macroeconomic pressures, U.S. businesses with operations in China are less optimistic about the business climate in the latter country.
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Derivatives time bomb refers to the severe damage to the financial markets and economy in general that could be caused by a sudden unwinding of massive derivatives positions. The term is attributed to Warren Buffett.
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Shares of grocery delivery company Instacart are set to start trading on the Nasdaq on Tuesday under ticker "CART" after setting its IPO price at the top of its range at $30 per share, valuing the company at about $10 billion.
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A personal loan contract and personal loan agreement accomplish the same task: helping you understand the terms of a money lending contract.
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Even though some lenders might provide you with a loan when you have a 450 credit score, you might have to pay high interest rates and fees, and these loans can be risky.
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Personal loan rates rose to 21.01% this week, gaining 7 basis points since last week when the average personal loan rate sat at 20.94%.
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Personal loans are available for consumers who went through bankruptcy, but they tend to be expensive overall.
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Learn how to fill out a personal loan application so that you're better prepared to get approved—and get your money—faster.
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If you’re looking to retire down South, learn more about why Chattanooga, TN, Huntsville, AL, and Ocean Springs, MS are great choices for your wallet and your future.
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By guiding families through a comprehensive planning process, financial advisors can help them build a solid foundation for their financial future.
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To count yourself among the nation's top earners, it takes an income of at least six figures. Here's how the numbers break down for each group.
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In de eerste helft van dit jaar kwam bijna de helft van de opgewekte energie uit natuurlijke bronnen, zoals wind en zon. De elektriciteitsproductie uit fossiele bronnen daalde juist ten opzichte van een jaar eerder.
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KLM wil uit voorzorg niet meer door het luchtruim boven Armenië en Azerbeidzjan vliegen vanwege de situatie in Nagorno-Karabach. De luchtvaartmaatschappij moest daarom dinsdag vijf vluchten naar Azië schrappen.
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Nederland raakt uit een recessie en behoudt een beheersbaar begrotingstekort, blijkt uit schattingen van het Centraal Planbureau (CPB) na de met Prinsjesdag gepresenteerde kabinetsplannen. Hierbij stijgen de zorgkosten hard, maar de inkomsten uit belasting ook.
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Niet eerder sinds het aantreden van koning Willem-Alexander zijn de kosten voor het koningshuis zo hard gestegen. Voor 2024 is ruim 11 procent meer begroot dan voor dit jaar.
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Wat betekent Prinsjesdag voor jouw koopkracht? Dat kun je bekijken met deze tool.
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Het kabinet maakt op Prinsjesdag altijd veel plannen bekend die grote gevolgen hebben voor je inkomen. Dit jaar is dat wat minder doordat het kabinet demissionair is. Toch komen er wel een paar flinke veranderingen aan. NU.nl zet ze op een rijtje.
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Het kabinet neemt extra maatregelen om mensen met een laag inkomen, uitkeringsgerechtigden en grote gezinnen tegemoet te komen. Zo wordt de huurtoeslag verhoogd en gaat ook het kindgebonden budget omhoog. In totaal wordt daar ruim 1,75 miljard euro voor uitgetrokken.
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Het Nederlandse klimaatdoel voor het jaar 2030 komt met de maatregelen van het demissionaire kabinet-Rutte IV een flinke stap dichterbij. Voor het eerst denkt het Planbureau voor de Leefomgeving dat de CO2-uitstoot in 2030 mogelijk 55 procent is gedaald.
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Wat betekent Prinsjesdag voor jouw koopkracht? Dat kun je bekijken met deze tool.
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Ongezien methaan naar de atmosfeer lekken is dankzij Nederlands ruimteonderzoek verleden tijd. Lekkende gasvelden en andere superuitstoters kunnen sinds kort live worden opgespoord. Dat maakt de mondiale aanpak van klimaatverandering iets kansrijker.
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Het demissionaire kabinet verwacht dat de premie voor de basiszorgverzekering in 2024 weer 12 euro hoger is dan dit jaar. Volgens het ministerie van Volksgezondheid komt de premie waarschijnlijk op 149 euro per maand uit.
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Het Nederlandse klimaatdoel voor het jaar 2030 komt met de maatregelen van het demissionaire kabinet-Rutte IV een flinke stap dichterbij. Voor het eerst denkt het Planbureau voor de Leefomgeving dat de CO2-uitstoot in 2030 mogelijk 55 procent is gedaald.
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Het kabinet neemt extra maatregelen om mensen met een laag inkomen, uitkeringsgerechtigden en grote gezinnen tegemoet te komen. Zo wordt de huurtoeslag verhoogd en gaat ook het kindgebonden budget omhoog. In totaal wordt daar ruim 1,75 miljard euro voor uitgetrokken.
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In België zijn drie Nederlanders opgepakt op verdenking van helpdeskfraude. Het drietal heeft volgens het Openbaar Ministerie in Belgisch Limburg alleenstaande ouderen opgelicht voor in totaal zo'n 100.000 euro.
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De inflatie in de eurozone is vorige maand iets gedaald. Eerder leek het erop dat de inflatie in augustus even hoog was als in juli, maar nieuwe cijfers laten een kleine daling zien.
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Als het aan Elon Musk ligt, gaat iedere gebruiker van X binnenkort een klein geldbedrag betalen. Dat is volgens de miljardair nodig om spamaccounts van het socialemediaplatform te weren.
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Benzine kost weer meer dan 2,30 euro. Dat is voor het eerst sinds juli vorig jaar, blijkt uit cijfers van consumentencollectief UnitedConsumers. De stijging komt doordat olie steeds duurder wordt.
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Vopak verkoopt drie grote terminals voor chemische producten in de haven van Rotterdam. Het opslagbedrijf maakte dinsdag bekend dat het de terminals verkoopt aan het Britse investeringsfonds Infracapital.
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Big Bazar ontloopt voorlopig opnieuw een faillissement. Twee schuldeisers hebben een verzoek ingediend bij de rechter. Ze willen dat een deskundige wordt aangesteld die bekijkt hoe de financiële problemen bij de winkelketen opgelost kunnen worden.
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De olieprijzen zijn dinsdag voor de vierde dag op rij gestegen en staan nu op het hoogste niveau in bijna tien maanden. De productiebeperkingen van Saoedi-Arabië en Rusland zijn de grote boosdoener.
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Er gaat geen dag voorbij of de politiek heeft het over bestaanszekerheid. Ook vandaag op Prinsjesdag zal het woord vaak vallen. Wat het betekent is niet altijd duidelijk, maar het is in elk geval een groeiend probleem. Want zelfs mét een baan kun je tegenwoordig in de problemen komen.
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SoFi savings account interest rates are above average and the financial services company charges no bank fees—two reasons this savings option is worth considering.
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The IRS introduced changes to 401(k) catch-up contributions, emphasizing Roth designations for higher earners.
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Today's best CD rate is 5.80%, from The Federal Savings Bank, with five runners-up paying 5.75%. If you have a jumbo CD deposit, you can do even better, earning up to 5.85%.
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Nexstar Media Group and DIRECTV reached a multi-year distribution agreement that will end DIRECTV’s more than 75-day blackout of Nexstar’s 176 local television stations and NewsNation cable news network.
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Chaplain malpractice insurance is liability insurance that provides coverage for chaplains, priests, and other clergy members.
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U.S. equities were little changed as the S&P 500 gained 0.07% on Sept. 18, 2023 ahead of the Federal Reserve's decision on interest rates this week.
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Learn about the tax implications of life insurance premiums, including when they might be taxable and whether they are tax deductible.
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Cryptocurrency prices plunged in 2022 and have yet to recover, with Bitcoin trading at less than half the peak it hit in November 2021.
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Selling a home without a real estate agent can save money, but there are also costs and risks involved.
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A reverse mortgage can be a lifeline for cash-strapped homeowners, but it also has some risks that borrowers need to consider first.
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Economic exposure is a type of foreign exchange exposure caused by the effect of unexpected currency fluctuations on a company’s future cash flows.
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Moderna was the worst-performing stock in the S&P 500, and Pfizer shares dropped as well after Pfizer CFO David Denton said the outlook for vaccine rates this year got a significant "haircut."
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If you owe money to the IRS, you have options to help with repayment. Either an IRS payment plan or taking out a personal loan could work, depending on your financial situation.
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Secured loans are backed by collateral, while unsecured loans are based primarily on a borrower's creditworthiness. There are other key differences, as well.
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You'll generally need a credit score of at least 580 to get a personal loan, but a better score will entitle you to better terms.
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Home improvement loans can come in the form of a personal loan, but it's also possible to fund home-related projects with other kinds of loans.
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The consequences of failing to repay a personal loan will vary according to the type of loan—secured vs. unsecured—and other factors. Here is what you need to know.
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SALT loans allow borrowers to maintain ownership of their blockchain assets, while also gaining access to cash via a loan.
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An open market is an economic system with no barriers to free market activity. Barriers to free market activity include tariffs, taxes, licensing requirements or subsidies.
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Air taxi company Joby Aviation (JOBY) said Monday it is building a new manufacturing facility in Dayton, OH, that will be capable of delivering up to 500 aircraft per year.
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Nearly one-third of U.S. households went on a vacation this summer, a record for a Federal Reserve survey released Monday.
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The paradox of rationality is the empirical observation that players who make irrational choices often receive better payoffs than those making rational choices.
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In game theory, the Shapley value is a manner of fairly distributing both gains and costs to several actors working in coalition.
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Rational expectations theory proposes that outcomes depend partly upon expectations borne of rationality, past experience, and available information.
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The Securities and Exchange Commission (SEC) has charged the ride-hailing firm Lyft for failing to disclose the investment of one of its board members.
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Historical tax changes under several administrations have affected the U.S. economy.
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A soft fork is a change to the software protocol where only previously valid blocks/transactions are made invalid.
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U.S. equities were climbing at midday as the market looks ahead to this week’s decision by the Federal Reserve on the future of interest rate hikes. The Dow, S&P 500, and Nasdaq posted small gains.
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By one measure, workers went on strike more in August than they have for most of the 21st century.
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Some of the most popular social media platforms are actually subsidiaries of companies you may not have heard of. Find out who owns which apps.
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Clorox warned it is still dealing with the fallout from a recent cyberattack, saying the hack will have a significant effect on its current quarter results.
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The Municipal Liquidity Facility (MLF) was a Federal Reserve initiative to keep state and local governments funded during the COVID-19 crisis.
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Construction Occupancy Protection Exposure (COPE) is a set of risks property insurance underwriters evaluate when writing insurance policies.
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Newmont Corp. (NEM) said it got more clearances from regulators and plans to close soon on its $19.2 billion purchase of Australian rival Newcrest Mining Ltd.
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Pensions can help narrow racial and gender gaps in retirement savings compared to other kinds of plans, according to a report by the National Institute on Retirement Security, but few workers in the U.S. have them.
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As more companies use AI to complete work tasks, competitors could be left behind, according to a Bain & Co. report.
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Crude oil prices are trading at their highest since early November last year, which could translate to higher gas prices for consumers and a potential rebound in inflation.
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An economic think tank is an organization whose mission is to study and reflect on economic issues.
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When job hunting, does education trump experience? Here are some factors to consider when it comes to this duel of credentials.
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The W.P. Carey School of Business is a business school that is part of the Arizona State University System.
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Live from the Future Proof Wealth Festival in Huntington Beach, former NBA player, TV host, and college legend Jay Williams, and MAI Capital's Joe McLean talk about how investing in sports is exploding as teams and athletes become securities, and the athlete is now the asset.
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Alibaba said it plans to invest $2 billion in Turkey's Trendyol, expanding its business outside of China.
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An Associate in Commercial Underwriting (AU) is a person with qualifications to evaluate risk for insurance companies.
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A standard lot is the equivalent of 100,000 units of the base currency in a forex trade. It is one of the four lot sizes; the other three are mini-lot, micro-lot, and nano-lot.
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Whether it's high prices, high mortgage rates, or lack of supply, it all comes down to affordability, according to National Association of Realtor studies.
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In the case of ICE LIBOR, an innocent-sounding set of letters has a profound bearing on every loan you make.
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Most retirees are eligible, but some fall through the cracks due to a spotty work history or for other reasons.
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The PayrollOrg survey also shows that 34% of people would like to be able to access their wages earlier than their regular payday, an increase of 13% in 2022.
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Holiday sales are projected to increase 3.5% to 4.6% this year, as more shoppers are expected to turn to e-commerce to find deals to beat inflation.
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Accredited Automated Clearing House Professional (AAP) is a professional designation awarded to experts in electronic payments systems.
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Technological advances have allowed for betting while a game is in progress, which has, in some ways, changed the nature of gambling.
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One of the simplest kinds of wagers, a money line bet tries to pick the winner.
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Handelsgesetzbuch is a law that governs the commercial code for German companies and includes regulations on the preparation of financial statements.
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A casino has a number of built-in advantages to ensure that it, and not its customers, always wins in the long run.
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You can go to Las Vegas and try to win big at the casino. But before you do, make sure you understand the tax laws that govern gambling winnings.
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Optimum currency area (OCA) theory states that there are regions, not bounded by national borders, that should share a common currency.
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M3 is a measure of the money supply that includes M2, large time deposits, institutional money market funds, and short-term repurchase agreements.
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The integration of unmanned aerial vehicles (UAV) into the economy is demonstrating great potential but regulatory limitations remain.
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Blanket contractual liability insurance is liability insurance that provides coverage for all contracts in which the insured is assuming liability.
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Learn when and why landlords place rental property security deposits in separate escrow accounts.
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Find out how the PPI can be used to gauge the overall health of the economy.
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Wrap-up insurance is an all-encompassing liability insurance policy that protects all contractors and subcontractors working on a large project.
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The stock, which is off more than 6% since the start of the month and more than 20% so far this year, is hovering not far above its 52-week low.
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(Bloomberg) -- US Steel Corp. is idling an Illinois blast furnace that Donald Trump visited as part of his self-proclaimed “rescue” of the American steel industry five years ago, as it moves to balance production levels against the demand impact from customers affected by the United Auto Workers strike. Most Read from BloombergDebris Spotted in Search for Missing US F-35 Fighter JetVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingHow Auto Executives Misread the UAW Ahead of H
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During the summer of strikes, manufacturing workers are fighting for better pay and reimagining the future of work.
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(Bloomberg) -- Fifty cents on the dollar is a very low price in the world of bonds. In most cases, it signals that investors believe the seller of the debt is in such financial distress that it could default.Most Read from BloombergHow Auto Executives Misread the UAW Ahead of Historic StrikeXi’s Missing Defense Chief Opens Door for US Military TalksVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingTrillion-Dollar Industry Powering Chicago at Risk of LeavingUS Seeks Help Findin
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Oil prices have been surging lately, and many energy stocks are back in the spotlight. But volatility can act as a double-edged sword, presenting both lucrative opportunities for gains and significant risks of losses. This requires investors to tread with caution and employ well-thought-out strategies. Rather than actively trade the tumultuous waves of the market, some investors have opted to focus on the dividend-paying aspect of the business, collecting passive income from energy companies. Do
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The kingdom is trying to boost foreign investment but has a contentious history with Elon Musk.
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The latest projections from the International Energy Agency (IEA) suggest that demand for oil, gas and coal will peak before 2030. "This is the first time that a peak in demand is visible for each fuel this decade — earlier than many people anticipated," Fatih Birol, executive director of the IEA, wrote in an op-ed published in the Financial Times. That forecast does not sit well with the Organization of the Petroleum Exporting Countries (OPEC). "It is an extremely risky and impractical narrativ
( 35
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The shares, which are off more than 6% since the start of the month and more than 20% so far this year, are hovering not far above their 52-week low.
( 22
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AI stock predictions are fast becoming the new normal. Here's the wild prediction one AI platform made about Tupperware stocks.
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Shares of vaccine makers moved lower Monday after Pfizer's finance chief predicted weaker demand for Covid shots this year.
Pfizer CFO David Denton said his company projects a roughly 24% Covid vaccination rate in the U.S. this year.
"Keep in mind the flu is probably closer to a 50% vaccination ra
( 22
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My wife and I bought long-term care policies 25 years ago when they were relatively cheap. Now, our premiums have increased for the third time to over $500 per month and will rise again in six years. I figure I’ve already paid about $72,000 in premiums. Now, in our late 70s, I’m trying to decide […] The post Ask an Advisor: Our Long-Term Care Insurance Now Costs $500 Per Month. We’re in Our Mid-70s and Have Paid $72k in Total. Should We Cancel Our Policies? appeared first on SmartReads by SmartA
( 33
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Before he became a controversial former president, Donald Trump was widely recognized for the wealth he gained in the real estate industry. But the story behind his billions is more intricate than it may appear. The Trump family’s journey into real estate success began with Trump’s father, Fred Trump. Fred Trump entered the construction business during a significant era in American history — the time of President Franklin D. Roosevelt’s New Deal, which aimed to boost residential construction thr
( 33
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The team signed on with LPL’s unit catering to wirehouse breakaways.
( 22
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The company makes money from licensing its chip architecture and other chip designs to semiconductor companies and hardware makers.
( 22
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The electric truck start-up appointed Mary Chan to the position. She previously held roles at GM and Dell.
( 22
min )
If I give $50,000 in cash to a charity, does that lower my taxable adjusted gross income (AGI) by $50,000? So if my adjusted gross income was $100,000, and I gave $50,000 to charity, is my taxable income now $50,000? … Continue reading → The post Ask an Advisor: Help Me Understand the Math. How Does Donating to Charity Reduce My Taxes? appeared first on SmartAsset Blog.
( 35
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In a shocking revelation, Indian edtech giant Byju's is accused of stashing $533 million in Camshaft Capital Fund, a relatively obscure hedge fund that once listed its primary business address at an IHOP in Miami. Putting the money at IHOP was brought to light by lenders attempting to recover the money. According to the lenders' lawsuit, Byju's reportedly transferred over $500 million last year to Camshaft Capital Fund, an investment entity set up by William C. Morton at age 23. Morton's fund re
( 32
min )
Tesla's price cuts have hit its margins. The pain in earnings could be felt more deeply in 2024, according to Goldman Sachs.
( 22
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Shares of chip designer Arm Holdings continued their retreat early Monday, following a red-hot start to trading last week.
The shares were recently off 5% at roughly $57.70—having traded as high as $69 intraday in the wake of Thursday's IPO. [Arm priced at $51](https://www.wsj.com/finance/investing
( 22
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There are probably as many investing strategies as there are investors – but just because every investor will follow his own path and intuition, doesn’t mean that there can’t be some common themes. Whether it’s seeking out stocks with low share prices or solid growth potential, or following the market’s best dividend payers, some strategies come up over and over again. One of these common themes to is to follow the money, that is, to buy into cash-rich stocks. These will bring several advantages
( 36
min )
Micron upgraded, PayPal downgraded: Wall Street's top analyst calls
( 34
min )
With oil investors and traders focused on an oil-price rally that has come close to $100 a barrel, some grades of crude oil are already trading above that milestone, highlighting an expectation of tight supply. The outright price of Nigerian crude Qua Iboe surpassed $100 a barrel on Monday, according to LSEG data. Malaysian crude Tapis reached $101.30 last week, said Bjarne Schieldrop, analyst at Swedish bank SEB, in a report.
( 32
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Investors seeking to generate income are turning their attention towards high-yielding dividend stocks as an alternative to bonds. Three companies that have been offering higher income yields than many high-quality fixed-income investments are Kinder Morgan (NYSE:KMI), Verizon (NYSE:VZ), and W.P. Carey. The dividends from these firms not only provide a steady income stream but are also projected to increase in the future.
( 33
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Federal Reserve policy makers’ projections for inflation this year look as if they could be too high, while their GDP projections look too low.
( 27
min )
Arm shares have fallen below their initial IPO pop but still trade well ahead of some analysts' valuation of the chip-design firm.
( 22
min )
A debt exchange has bought the auto reseller "at least two years of breathing room to execute," Wedbush says,
( 22
min )
The Federal Reserve's looming decision on interest rates, and the outlook for borrowing costs in the coming months, could be a key catalyst for cryptos.
( 21
min )
In the latest of many lawsuits against Kanye West (now Ye), the rapper allegedly told a staffer: “If you don't listen to me then you're an enemy”
( 34
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The company, whose U.S.-listed shares fell 1.2% on Monday, reported 11,315 deliveries for the first half of this year. VinFast's blockbuster debut on Wall Street in August saw its shares more than triple in value, but the company's small amount of publicly available shares has made the stock prone to volatility. VinFast was valued at $23 billion after special purpose acquisition company Black Spade Acquisition agreed to acquire the firm for $10 per share.
( 32
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Most retirees are eligible, but some fall through the cracks due to a spotty work history or for other reasons.
( 27
min )
↘️ Societe Generale (FR: GLE): The French bank's shares fell more than 9% after it cut its [annual targets for revenue growth](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-09-18-2023/card/soci-t-g-n-rale-shares-sink-after-new-ceo-l
( 23
min )
Ford on Thursday said its labor costs are already 'significantly higher' than those of companies like Tesla and Toyota.
( 34
min )
(Bloomberg) -- The European Central Bank and the Bank of England must keep raising interest rates to ward off the risk of causing “stagflation,” the prominent economist Nouriel Roubini warned.Most Read from BloombergMGM Resorts Hackers Broke In After Tricking IT Service DeskHow Auto Executives Misread the UAW Ahead of Historic StrikeEurope Is Better Prepared If Trump Wins Again, Germany’s Baerbock SaysUS, Chinese Officials Meet in Malta in Bid to Keep Channels OpenThe World Is Struggling to Make
( 31
min )
Embattled Chinese property developer Country Garden faces yet another liquidity test with Monday's deadline to pay $15 million in interest linked to an offshore bond, after having dodged default at the last minute twice this month. Country Garden, whose financial woes have worsened the property sector outlook and spurred a raft of support measures from Beijing, will have a 30-day grace period to pay the coupon before it is considered in default. The coupon payment had not been received by late afternoon on Monday, said one holder of the bond tranche, who sought anonymity as they were not authorised to speak to media.
( 33
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Arm shares have fallen below their initial IPO pop but still trade well ahead of some analysts' valuation of the chip-design firm.
( 22
min )
Cadence Bank CEO Dan Rollins calls the regional banking crisis from earlier this year "March madness." "We don't want an asset that doesn't come with a full wallet," Rollins said, referring to a trend since the crisis where banks want customers who want loans to also bring them their deposits. Rollins' southeastern regional bank is not alone.
( 34
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(Bloomberg) -- The letters are stamped all over the hallways of Chicago’s giant skyscrapers and grand office buildings. DRW, IMC, CME, Cboe.Most Read from BloombergMGM Resorts Hackers Broke In After Tricking IT Service DeskHow Auto Executives Misread the UAW Ahead of Historic StrikeEurope Is Better Prepared If Trump Wins Again, Germany’s Baerbock SaysUS, Chinese Officials Meet in Malta in Bid to Keep Channels OpenThese are some of the derivatives firms that collectively handle trillions of dolla
( 36
min )
The United Auto Workers strike at three car plants was having a mixed reaction on auto stocks, while chip design company Arm holdings lost some of Friday's gains.
( 22
min )
Société Générale’s new Chief Executive Officer Slavomir Krupa laid out Monday how he wants the French lender to be a “rock-solid and sustainable top tier European bank.”
It was the first time Krupa—[a former investment-banking chief](https://www.wsj.com/articles/societe-generale-set-to-name-slawomi
( 22
min )
The Federal Reserve's looming decision on interest rates, and the outlook for borrowing costs in the coming months, could be a key catalyst for cryptos.
( 21
min )
Bitcoin traded just under $26,700 and ether exchanged hands at $1,630 as of Asian afternoon hours Monday, adding just 0.5% in the past 24 hours.
( 32
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Wall Street’s analysts make their reputations by the quality of their stock notes, and some of them stand tall above their peers. The best analysts bring a sharp eye to the table, and a combination of solid knowledge and deep experience that lends credence to their stock calls. So, when those top analysts start selecting particular stocks as sound choices for investors, we should all take notice. And now, the Street’s top analyst, Truist’s Neal Dingmann, has been doing just that. Dingmann, an ex
( 37
min )
Europe's first spot Bitcoin ETF ushers in an era where traditional finance and crypto are converging, setting the stage for digital assets to become mainstays in the economy.
( 34
min )
(Bloomberg) -- Alibaba Group Holding Ltd. announced plans to invest $2 billion in Turkey after a meeting with President Recep Tayyip Erdogan.Most Read from BloombergMGM Resorts Hackers Broke In After Tricking IT Service DeskHow Auto Executives Misread the UAW Ahead of Historic StrikeUS, Chinese Officials Meet in Malta in Bid to Keep Channels OpenEurope Is Better Prepared If Trump Wins Again, Germany’s Baerbock SaysHouse Republicans Prepare to Turn US Government Shutdown Into Immigration ClashThe
( 32
min )
"The current level of mortgage payments might be the new normal for the foreseeable future" says Buck Horne, director of equity research at Raymond James.
( 33
min )
(Bloomberg) -- After a sharp stock rally this year on the back of resilient economic growth, investors now have a more negative outlook for risk assets in 2024, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergMGM Resorts Hackers Broke In After Tricking IT Service DeskHow Auto Executives Misread the UAW Ahead of Historic StrikeEurope Is Better Prepared If Trump Wins Again, Germany’s Baerbock SaysUS, Chinese Officials Meet in Malta in Bid to Keep Channels OpenHouse Republicans
( 32
min )
SocGen has targeted a return on tangible equity of 9%-10% in 2026, and forecast lower average annual revenue growth for the 2022-2026 period, as it aims to streamline its portfolio and reduce oil-and-gas exposure.
( 25
min )
Berkshire Hathaway (NYSE:BRKa), led by CEO Warren Buffett, has shown significant interest in tech giant Apple (NASDAQ:AAPL) and its own company shares, according to the latest 13F filings and comments from the annual shareholder meeting. As of Monday this week, Apple reportedly accounted for 45.4% of Berkshire Hathaway's $354 billion investment portfolio, making it the clear top investment.
( 32
min )
Three celebrity promoters of the failed FTX cryptocurrency exchange have opted to settle a case which alleged they helped dupe investors.
( 31
min )
Confidence in the gig economy combined with the success of advertising will help decide the grocery-delivery company's future as it goes public.
( 32
min )
The push toward zero-cost exchange-traded funds nears the finish line.
( 26
min )
Two years after Evergrande’s fall, distressed property giant Country Garden could create bigger problems.
( 22
min )
The Indian rupee is expected to open slightly higher on Monday with expectations around intervention by the central bank offsetting concerns over elevated crude oil prices and a widening trade deficit. Non-deliverable forwards indicate rupee will open at around 83.10 to the U.S. dollar compared with 83.1850 in the previous session. It will be difficult for the dollar to take out its life time high due to Reserve Bank of India's presence, said Ritesh Bhansali, director at Mecklai Financial.
( 32
min )
(Bloomberg) -- India will see at least $30 billion raised annually through primary and secondary share sales in 2024 and in the years to come, as companies and their shareholders are more willing to tap the market for funding, according to JPMorgan Chase & Co.Most Read from BloombergMGM Resorts Hackers Broke In After Tricking IT Service DeskUS, Chinese Officials Meet in Malta in Bid to Keep Channels OpenHouse Republicans Prepare to Turn US Government Shutdown Into Immigration ClashThe World Is S
( 33
min )
(Bloomberg) -- Oil held near a 10-month high as OPEC+ supply cuts tightened the global market, with Saudi Energy Minister Prince Abdulaziz bin Salman due to address an industry conference on the kingdom’s crude policy and outlook.Most Read from BloombergWall Street Comes to Grips With How Wrong It’s Been in 2023MGM Resorts Hackers Broke In After Tricking IT Service DeskThe World Is Struggling to Make Enough DieselHouse Republicans Prepare to Turn US Government Shutdown Into Immigration ClashUS,
( 31
min )
(Bloomberg) -- Chinese authorities detained some staff of China Evergrande Group’s money management business, a sign that the saga around the defaulted developer at the heart of the nation’s property crisis has entered a new phase involving the criminal justice system.Most Read from BloombergWall Street Comes to Grips With How Wrong It’s Been in 2023MGM Resorts Hackers Broke In After Tricking IT Service DeskThe World Is Struggling to Make Enough DieselHouse Republicans Prepare to Turn US Governm
( 32
min )
(Bloomberg) -- A benchmark of onshore Chinese equities fell to its lowest level this year as global funds continued to sell stocks despite nascent signs that the economy is stabilizing.Most Read from BloombergWall Street Comes to Grips With How Wrong It’s Been in 2023MGM Resorts Hackers Broke In After Tricking IT Service DeskUS, Chinese Officials Meet in Malta in Bid to Keep Channels OpenThe World Is Struggling to Make Enough DieselHouse Republicans Prepare to Turn US Government Shutdown Into Im
( 7
min )
Shares of embattled developer China Evergrande Group plunged 25% on Monday after police detained some staff at its wealth management unit, suggesting a new investigation that could add to the property company's woes. The stock was down 25% at HK$0.465 in early morning trade, the lowest in two weeks. (Reporting By Donny Kwok, Editing by Anne Marie Roantree and Muralikumar Anantharaman)
( 31
min )
(Bloomberg) -- Apple Inc. partner Foxconn Technology Group plans to double its investment and employment in India, highlighting an accelerating manufacturing shift away from China as Washington-Beijing tensions grow.Most Read from BloombergWall Street Comes to Grips With How Wrong It’s Been in 2023MGM Resorts Hackers Broke In After Tricking IT Service DeskUS, Chinese Officials Meet in Malta in Bid to Keep Channels OpenThe World Is Struggling to Make Enough DieselHouse Republicans Prepare to Turn
( 32
min )
An immediate annuity is an insurance product that provides guaranteed income: You give an insurer a chunk of money, and the company gives you a stream of payments that can last for life. Now may be a good time for retirees to buy an immediate annuity, since payouts are the highest they’ve been in a decade, says Rob Williams, managing director of wealth management at Charles Schwab.
( 33
min )
Bitcoin dipped on Monday morning in Asia to trade at around US$26,500. Ether also moved lower but held the US$1,600 support level.
( 32
min )
34.000 mensen hebben dit jaar niet op tijd belastingaangifte gedaan. Een deel van hen riskeert een boete van 385 euro, die kan oplopen tot 5.500 euro.
( 4
min )
De FNV zet het komende cao-seizoen in op een loonsverhoging van 5 tot 14 procent. De vakbond wil dat werknemers over de hele linie worden gecompenseerd voor het verlies aan koopkracht door de hoge inflatie.
( 3
min )
Het aantal aanvragen voor energiesteun voor huishoudens met een blokaansluiting is kleiner dan verwacht. Mede daarom is de aanvraagtermijn met een maand verlengd. Dat meldt demissionair minister Rob Jetten (Klimaat en Energie) aan de Tweede Kamer.
( 4
min )
Net als bij voorgaande rondes, was ook maandagochtend het STAP-budget van 10 miljoen euro razendsnel vergeven. Het opleidingspotje van de overheid was binnen twee uur leeg.
( 3
min )
De problemen van het noodlijdende Evergrande zijn nog groter geworden. Een deel van het personeel van de vermogensbeheertak is opgepakt door de Chinese politie. Om hoeveel mensen het gaat en wat de aanklachten zijn, is niet bekendgemaakt.
( 3
min )
Bob van Dijk stopt als topman bij techinvesteerder Prosus. Hij is in 2019 aangesteld als CEO bij het Zuid-Afrikaanse bedrijf, dat is genoteerd aan de Amsterdamse beurs. De reden voor het vertrek noemt Prosus niet.
( 3
min )
Het Nederlandse C2000-communicatienetwerk voor de politie en andere hulpdiensten wordt al bijna twintig jaar geteisterd door problemen en storingen. België gebruikt een vergelijkbaar netwerk, maar daar spelen deze problemen niet. Wat kunnen wij van onze zuiderburen leren?
( 9
min )
Het Nederlandse C2000-communicatienetwerk voor de politie en andere hulpdiensten wordt al bijna twintig jaar geteisterd door problemen en storingen. België gebruikt een vergelijkbaar netwerk, maar daar spelen deze problemen niet. Wat kunnen wij van onze zuiderburen leren?
( 8
min )
Het Nederlandse C2000-communicatienetwerk voor de politie en andere hulpdiensten wordt al bijna twintig jaar geteisterd door problemen en storingen. België gebruikt een vergelijkbaar netwerk, maar daar spelen deze problemen niet. Wat kunnen wij van onze zuiderburen leren?
( 8
min )
Savers are missing out on interest payments after new figures revealed a third of bank customers keep their cash in current accounts.
( 32
min )
(Bloomberg) -- For currency speculators around the world, the trade has long been a no-brainer: simply borrow yen, which costs nothing because of sub-zero interest rates in Japan, and then park the money anywhere yields are higher, earning a tidy profit from the difference.Most Read from BloombergWall Street Comes to Grips With How Wrong It’s Been in 2023MGM Resorts Hackers Broke In After Tricking IT Service DeskThe World Is Struggling to Make Enough DieselHouse Republicans Prepare to Turn US Go
( 34
min )
(Bloomberg) -- Asian equities look set to open lower following tech-led declines on Wall Street Friday as investors look ahead to a week that includes Federal Reserve and Bank of Japan meetings. Most Read from BloombergWall Street Comes to Grips With How Wrong It’s Been in 2023MGM Resorts Hackers Broke In After Tricking IT Service DeskThe World Is Struggling to Make Enough DieselHouse Republicans Prepare to Turn US Government Shutdown Into Immigration ClashUltra-Rich Buy Ultra-Luxury Counseling
( 33
min )
Comparing offers between the UAW and the Detroit-Three auto makers isn't easy. The two sides might not be as far apart as people assume.
( 22
min )
(Bloomberg) -- Federal Reserve policymakers’ updated forecasts for their benchmark interest rate, due Wednesday, are looming as a key potential decider for a US Treasuries market at risk of a third straight year of losses.Most Read from BloombergWall Street Comes to Grips With How Wrong It’s Been in 2023MGM Resorts Hackers Broke In After Tricking IT Service DeskThe World Is Struggling to Make Enough DieselUltra-Rich Buy Ultra-Luxury Counseling to Get Kids Into HarvardHouse Republicans Prepare to
( 33
min )
(Bloomberg) -- Brazil’s state-controlled oil company Petrobras must settle a dispute involving billions of reais in back taxes with the federal government to show it has a duty to the country and not only to its private investors, according to the nation’s energy minister. Most Read from BloombergWall Street Comes to Grips With How Wrong It’s Been in 2023MGM Resorts Hackers Broke In After Tricking IT Service DeskThe World Is Struggling to Make Enough DieselUltra-Rich Buy Ultra-Luxury Counseling
( 34
min )
Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: BMW electrifies Mini; Tesla on the cusp of a breakthrough; and UAW strikes back.
( 33
min )
The list of union demands is long and expensive, but getting a deal might be closer at hand than it appears if automakers offer certain things.
( 38
min )
It was the latest casualty in a beaten down real estate tech sector. Of course, at that time, it was a very different housing market. Interest rates were still relatively low and while markets were tight, people were still buying homes.
( 34
min )
An IRA transfer refers to the movement of tax-deferred money that is not required to be reported to the IRS on your tax return. This typically occurs when you complete a direct trustee-to-trustee transfer between two similar types of retirement accounts. (Sometimes an IRA transfer is referred to as a “non-reportable IRA rollover, but such […] The post IRA Rollovers vs. Transfers: Reportable and ‘Non-Reportable’ appeared first on SmartReads by SmartAsset.
( 34
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Understanding the concept of return on investment (ROI) is the first step to possibly generating a 10%+ return. Keep in mind, however, that a 10%+ ROI is not a guaranteed result. ROI is a financial metric widely used to measure the possibility of gaining a return from an investment based on its past performance. It is […] The post How to Get a 10% Return on Investment (ROI) appeared first on SmartReads by SmartAsset.
( 33
min )
It’s been a central argument for the United Auto Workers union: If Detroit's three automakers raised CEO pay by 40% over the past four years, workers should get similar raises. UAW President Shawn Fain has repeatedly cited the figure, contrasting it with the 6% pay raises autoworkers have received since their last contract in 2019. The UAW has since lowered its demand to a 36% wage increase but the two sides remain far apart in contract talks, triggering a strike.
( 36
min )
(Bloomberg) -- Faced with only limited signs of a slowdown in US demand despite more than five percentage points of interest-rate hikes, logic would say the Federal Reserve needs to do more.Most Read from BloombergWall Street Comes to Grips With How Wrong It’s Been in 2023MGM Resorts Hackers Broke In After Tricking IT Service DeskUltra-Rich Buy Ultra-Luxury Counseling to Get Kids Into HarvardThe World Is Struggling to Make Enough DieselBillionaire Case Bets on Superfast Jet, AI Beyond Silicon Va
( 33
min )
Agricultural giant Bayer has dominated for years, but Corteva has taken the lead.
( 25
min )
It should come as no surprise that commercial bankruptcy filings are up but the bigger picture tells a different story
( 32
min )
(Bloomberg) -- With the final quarter of 2023 approaching, one winning strategy in emerging markets is becoming clearer: buying shares in smaller companies.Most Read from BloombergMGM Resorts Hackers Broke In After Tricking IT Service DeskUltra-Rich Buy Ultra-Luxury Counseling to Get Kids Into HarvardBillionaire Case Bets on Superfast Jet, AI Beyond Silicon ValleyCanada Postpones Trade Mission to India With Tensions On RiseErdogan Says Turkey, EU May ‘Part Ways’ After Critical ReportThe trade ha
( 33
min )
(Bloomberg) -- Stock-market strategists who were largely wrong about this year’s rally are finally starting to come to face their mistake, raising year-end targets for the S&P 500 Index.Most Read from BloombergMGM Resorts Hackers Broke In After Tricking IT Service DeskUltra-Rich Buy Ultra-Luxury Counseling to Get Kids Into HarvardBillionaire Case Bets on Superfast Jet, AI Beyond Silicon ValleyCanada Postpones Trade Mission to India With Tensions On RiseErdogan Says Turkey, EU May ‘Part Ways’ Aft
( 34
min )
Apple's Vision Pro headset is set to unleash the potential of similar products and benefit smaller players in the industry, according to the founder and chairman of a Chinese extended-reality (XR) start-up, which has been working on related technology for over a decade. "Sixteen years ago, when I was still a programmer and decided to start my own business, most people didn't know that the virtual-reality (VR) industry existed," said Denny Zhou Qinghui of Shanghai Graphic Design Information Co (G
( 34
min )
Technology stocks have powered the 2023 market rally—and become increasingly expensive in the process.
( 26
min )
British supplier of designs for chips, long seen as the industry’s Switzerland, is challenged with growing beyond its dominance in mobile phones without upsetting existing customers.
( 28
min )
Help-wanted advertisements in New York will have to disclose proposed pay rates after a statewide salary transparency law goes into effect on Sunday, part of growing state and city efforts to give women and people of color a tool to advocate for equal pay for equal work. Employers with at least four workers will be required to disclose salary ranges for any job advertised externally to the public or internally to workers interested in a promotion or transfer. Pay transparency, supporters say, will prevent employers from offering some job candidates less or more money based on age, gender, race or other factors not related to their skills.
( 32
min )
The resumption of the payments will leave some U.S. consumers squeezed and some of the nation’s largest retailers fearing a spending slowdown.
( 23
min )
Learn about the concept of human capital, how it was developed, and why it is important for businesses to protect their human capital.
( 22
min )
Health care sharing ministries (HCSMs) are getting attention—not all of it good—as an alternative to traditional health insurance as healthcare costs soar.
( 22
min )
Human capital affects economic growth and can help to develop an economy by expanding the knowledge and skills of its people. Learn more about how it works.
( 23
min )
Wall Street is just one little street in lower Manhattan, but both empirically and symbolically, it continues to make the world go round.
( 26
min )
The African Development Bank (ADB) is a financial institution that enables economic and social development throughout the continent.
( 23
min )
Learn how the working capital turnover ratio turns negative as a result of a company's negative working capital when current liabilities exceed current assets.
( 17
min )
Credit easing is used to relieve a market going through turmoil. Credit easing happens when central banks purchase private assets such as corporate bonds.
( 24
min )
A third-party administrator provides operational services such as claims processing and employee benefits management under contract to another company.
( 23
min )
The Economic Recovery Tax Act of 1981 was a law for the largest tax cut in American history. Much of it was reversed a year later.
( 19
min )
The Asian Currency Unit (ACU) was a proposed a basket of Asian currencies, similar to the European Currency Unit, which was the precursor to the euro.
( 19
min )
Pigou effect is a term in economics referring to the relationship between consumption, wealth, employment, and output during periods of deflation.
( 23
min )
Income inequality has a long history in the U.S. Review the major events and government policies that have impacted the nation’s income distribution.
( 28
min )
MiFID is a European Union law that standardizes investment services regulations across all European Economic Area member states.
( 22
min )
A detailed definition of what a branded title is and how it differs from other types of salvage titles.
( 23
min )
The conglomerate boom occurred in the period following WWII when many businesses had the money and resources to chase economies of scale.
( 20
min )
In this article, we'll show you how to read the GNP map and how it's still a useful tool in measuring a nation's economic development and overall demand.
( 24
min )
Commercial general liability (CGL) insurance covers a business against claims of property damage, bodily injury, libel, slander, or false advertising. Learn more.
( 22
min )
The Enterprise Ethereum Alliance brings together start-ups and Fortune 500 companies to work on Ethereum as an enterprise-grade technology.
( 20
min )
A statutory stock option is a type of tax-advantaged employee stock option offered to employees by employers.
( 23
min )
The student loan system is in desperate need of reform as graduates struggle to find work and pay off their student loans. Learn about changes that can help.
( 25
min )
Dive into the world of economics by learning the key differences between macroeconomics and finance. These ideas help investors make good choices.
( 18
min )
A rainmaker is an individual who is capable of bringing a substantial amount of new business to a company, usually by attracting affluent clients.
( 19
min )
An appraiser is a professional with the knowledge and expertise necessary to estimate the value of an asset.
( 20
min )
Pork barrel legislation refers to politicians trading favors with constituents or special interest groups in exchange for political support.
( 23
min )
Smart contract dispute resolution is resolving disputes that occur when blockchain technology is involved in a transaction and a smart contract is executed.
( 21
min )
A K-shaped recovery is an economic recovery in which the performance of different parts of the economy can diverge widely.
( 24
min )
Learn the difference between barter and currency systems in the trade of goods and services and why currency systems are preferred over bartering.
( 23
min )
Government assistance programs are in great demand when there is high unemployment or low wages. Learn what’s available, how to qualify, and where to apply.
( 43
min )
These inventions in the fields of finance, healthcare, technology, food, and energy have greatly improved our standard of living.
( 23
min )
Signs are trickling in that China's economy and financial markets may be stirring after a sharp downturn, but these events may not be enough to stabilize China’s economy.
( 19
min )
China's real aim in targeting Apple and iPhones isn't about national security or economics, analysts said. It's about stoking nationalistic fervor.
( 19
min )
The social license to operate (SLO) refers to the ongoing acceptance of a company's standard business practices.
( 19
min )
Market access refers to the ability of a company or country to sell goods and services across borders.
( 19
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Discover the significance of capital expenditures and learn what types of businesses or industries have the largest capital expenditures.
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Understand what private wealth management is from the perspective of both the private client and the private wealth manager.
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min )
Stagevergoedingen in Nederland lopen sterk uiteen. Waar de ene student voor een stage 700 euro per maand ontvangt, krijgt een andere stagiair helemaal niets. In 2022 heeft 44 procent van de studenten geen stagevergoeding ontvangen.
( 4
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Het is onwaarschijnlijk dat de Europese Centrale Bank (ECB) begin volgend jaar de rente gaat verlagen. Dat zei Martins Kazaks, president van de centrale bank van Letland en ECB-bestuurder, op een conferentie in het Spaanse Santiago de Compostella.
( 4
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Opnieuw zijn er stakingen bij de Australische fabrieken van Chevron die vloeibaar aardgas (lng) produceren. De fabrieken in Australië zijn goed voor ongeveer 7 procent van de wereldwijde leveringen van lng.
( 3
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De verkoop van champagne is wat aan het inzakken na een sterke stijging in de coronaperiode. Dat zegt de topman van de champagne- en wijnendivisie van het Franse luxebedrijf LVMH, eigenaar van champagnemerken als Moët & Chandon en Dom Pérignon.
( 3
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De verkoop van champagne is wat aan het inzakken, na een sterke stijging in de coronaperiode. Dat zegt de topman van de champagne- en wijnendivisie van het Franse luxebedrijf LVMH, dat eigenaar is van champagnemerken als Moët & Chandon en Dom Pérignon.
( 3
min )
Mensen met een modaal inkomen komen steeds verder in de knel. Door de hoge energieprijzen en duurdere boodschappen kunnen ze nauwelijks rondkomen. Ondertussen blijven de lonen achter. Veel middeninkomens moeten daarom noodgedwongen hun uitgavenpatroon aanpassen.
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Joining a group of like-minded people is a great way to explore investing without laying out large sums of money.
( 23
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The Stability and Growth Pact is a set of fiscal rules designed to prevent countries in the European Union from spending beyond their means.
( 21
min )
Learn the typical debt-to-equity (D/E) ratios for companies in the real estate sector and discover how this measure of financial health determines leverage.
( 22
min )
The low capital outlay necessary, risk management tools available, and tax benefits make spread betting a compelling opportunity for speculators.
( 23
min )
From the Japanese bubble to overseas manufacturing, violent swings in exchange rates and the value of the yen have affected the Japanese economy.
( 24
min )
A prediction market is a type of market where contracts that are contingent on the occurrence of events in the future can be traded.
( 23
min )
Find out why bank stocks usually trade below book value and learn how trading activities increase a bank's risk exposure and affect its valuation.
( 22
min )
Robert J. Aumann is a mathematician and economist famous for his work on game theory, who won the 2005 Nobel Prize in Economics.
( 23
min )
Explore whether the substitution effect is positive or negative for consumers as well as for retailers, manufacturers and other companies that sell products.
( 19
min )
Thanks to a loophole known as a backdoor Roth IRA, high-income earners can make indirect contributions to Roth IRAs.
( 26
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Netflix shares fell more than 10% this week, but seemed to have little effect on popular ETFs with exposure to the company.
( 17
min )
Specialty coffee roaster Farmer Brothers missed profit expectations for the quarter ended June 30, as slowing sales growth and persistently high coffee prices weighed on profitability.
( 18
min )
Lionel Messi is gold for the U.S. economy, as his move to Major League Soccer could generate $256 million in league revenue, drive hundreds of thousands of subscriptions to Apple, and even press South Florida real estate values higher.
( 19
min )
Read about the concept of utility in microeconomics, and learn why economists disagree about its usefulness in the analysis of actions.
( 27
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Here is how much each U.S. president contributed to the U.S. national debt, both by percentage and in dollar amounts.
( 28
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Clients love planners who sell securities, but a securities license takes a lot of work. Learn if the stress and study are worth it.
( 23
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The United Auto Workers said Saturday it had “reasonably productive conversations” with Ford, as its limited strike against the Big 3 automakers carried into a second day. The union is trying to reach a deal with not only Ford but also General Motors and Stellantis for better pay in an era of big profits for the industry, which is trying to transition from gasoline-powered engines to electric vehicles. Stellantis on Saturday also gave details about its most recent offer to the union, which brought its wage proposal roughly in line with its competitors.
( 33
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(Bloomberg) -- Amid signs the bond market has bought into the Federal Reserve keeping interest rates higher for longer, a cohort of investors is placing bets on the economy hitting a wall — and a sharp policy reversal in short order.Most Read from BloombergUltra-Rich Buy Ultra-Luxury Counseling to Get Kids Into HarvardMGM Resorts Hackers Broke In After Tricking IT Service DeskDisney Talks on ABC Sale Heat Up as Byron Allen Makes OfferCanada Postpones Trade Mission to India With Tensions On RiseA
( 33
min )
(Bloomberg) -- Fixed-income investors that are “risk on” are benefiting from the global economy’s ongoing resilience, fueling appetite for leveraged loans in particular. Most Read from BloombergMGM Resorts Hackers Broke In After Tricking IT Service DeskUltra-Rich Buy Ultra-Luxury Counseling to Get Kids Into HarvardBillionaire Case Bets on Superfast Jet, AI Beyond Silicon ValleyCanada Postpones Trade Mission to India With Tensions On RiseErdogan Says Turkey, EU May ‘Part Ways’ After Critical Repo
( 33
min )
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Find out why bank stocks usually trade below book value and learn how trading activities increase a bank's risk exposure and affect its valuation.
( 22
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Tuesday brought exciting news for the StartEngine platform. During a webinar led by StartEngine CEO Howard Marks, the equity crowdfunding platform unveiled its latest initiative: StartEngine Private. The new venture aims to create a dedicated space for accredited investors to invest in some of the nation's top venture-backed startups. While there's much anticipation surrounding which companies will be part of the StartEngine Private portfolio, familiar names are expected to be among them. Specul
( 32
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Talks between the United Auto Workers and the Detroit Three automakers resumed on Saturday, a day after the union began its first simultaneous strikes at three U.S. auto plants. The four-year labor deal between the union and General Motors, Ford Motor and Chrysler-parent Stellantis expired at 11:59 p.m. EDT on Thursday. Stellantis said on Saturday it has hiked its offer, proposing cumulative raises of nearly 21% over a four-and-a-half-year contract term, including an immediate 10% hike.
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Netflix shares fell more than 10% this week, but seemed to have little effect on popular ETFs with exposure to the company.
( 19
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SEC penalties for technical violations have exploded, prompting the high-speed trader Virtu to litigate rather than pay.
( 25
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Investors are worried that the postpandemic travel surge will fade.
( 25
min )
In California, nearly 1 million fast food and healthcare workers are set to get a major raise after a deal was announced earlier this week.
( 32
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When you first go on Medicare, insurance companies must sell you supplemental coverage no matter how poor your health. The window closes.
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The lawsuit, which also targets BP and ConocoPhillips, alleges the energy giants' actions have caused tens of billions of dollars in damage and accuses them of deceiving the public, the report said, citing a filing in a superior court in San Francisco. The American Petroleum Institute, an industry trade group, has also been listed as a defendant in the case, the report said, adding that California has sought the creation of an abatement fund to pay for future damages caused by climate related disasters in the state.
( 32
min )
Horns blare in support of strikers outside the carmakers’ plant in Wayne, Michigan, as union members attack ‘corporate greed’
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Where you keep your money matters. When it comes to retirement taxes, there are two main issues to consider: account type and asset class. Account type is where you keep your investments, such as an IRA, a 401(k) or a taxable account. Asset class refers to the type of investments you own, like stocks and […] The post Where You Keep Your Investments Can Help You Save Big on Taxes in Retirement appeared first on SmartReads by SmartAsset.
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Japan's SoftBank is looking for deals in artificial intelligence, including a potential investment in OpenAI, after the blockbuster listing of its Arm unit, the Financial Times reported on Saturday. SoftBank's founder and chief executive, Masayoshi Son, is looking to invest tens of billions of dollars in AI after completing Arm's initial public offering, the newspaper said, citing two people familiar with the matter.
( 30
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Angola's interest payments to external creditors, mostly Chinese, doubled from US$775 million in the first quarter of this year to US$1.57 billion in the second quarter as the three-year debt moratorium with Chinese creditors ended. The rise was the highest since at least the first quarter of 2012, according to data released by the African nation's central bank, Banco Nacional de Angola (BNA). But the higher interest payments were partly offset by a fall of the deficit in service trade to a two-
( 34
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The grocery-delivery company is set to deliver significant paper losses to many of the private investors who piled on late.
( 27
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Software engineer Jacky Jia has been paying more attention than usual to his stocks portfolio since China launched a torrent of measures aimed at boosting the beleaguered market in recent weeks. Regulators have slashed the stamp duty on transactions, restricted divestments by major shareholders and taken tighter control of approving new share offerings in a string of actions that have taken the immediate sting out of the sell-offs that have roiled the onshore market. Having banked a reasonable r
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(Bloomberg) -- After several days of chaos, BP Plc is ending the week without a permanent leader and with significant doubts over its strategy.Most Read from BloombergMGM Resorts Hackers Broke In After Tricking IT Service DeskUltra-Rich Buy Ultra-Luxury Counseling to Get Kids Into HarvardBillionaire Case Bets on Superfast Jet, AI Beyond Silicon ValleyCanada Postpones Trade Mission to India With Tensions On RiseDisney Talks on ABC Sale Heat Up as Byron Allen Makes OfferThe shock resignation of Ch
( 34
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At a recent talk I gave to a company in California, I asked the audience how many of them had ever been asked about their relationship history in a professional capacity. Not a hand went up.
( 33
min )
The app at the center of meme-stock frenzy now wants your retirement money.
( 23
min )
"Affordability is still very challenged and now it's started to get worse again," according to a Morgan Stanley researcher.
( 32
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The defense contractor spent heavily on acquisitions, then struggled during the pandemic. Now with new senior leadership working to fix its operational problems, its shares could fly.
( 21
min )
(Bloomberg) -- A massive retreat of funds from Chinese stocks and bonds is diminishing the market’s clout in global portfolios and accelerating its decoupling from the rest of the world.Most Read from BloombergDisney Talks on ABC Sale Heat Up as Byron Allen Makes OfferUnited Auto Workers Call Unprecedented Strike at All Three Detroit AutomakersApple iPhone 15 Pro Max Deliveries Slip to November in Sign of DemandCaesars Entertainment Paid Millions to Hackers in AttackVideo-Game Company Unity Clos
( 34
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Duitse rechtbanken en openbare aanklagers krijgen de komende tien jaar te maken met grote personeelstekorten. Dat is het gevolg van een golf van pensioneringen van juridische medewerkers, rechters en advocaten, zegt Sven Rebehn, hoofd van de Duitse vereniging van rechters.
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min )
De wereld staat niet stil in de klimaatstrijd, maar om het Parijsakkoord te laten slagen is een grote krachtsinspanning nodig. Fossiele investeringen vormen een hobbel, en ook aanpassingen aan de gevolgen van klimaatverandering blijven achter.
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Extreme weersomstandigheden zorgen steeds vaker voor vervelende situaties en schade. Niet alleen thuis, maar ook op vakantie. Wie betaalt die schade? En kan je je tegen alle soorten weersomstandigheden verzekeren?
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min )
Extreme weersomstandigheden zorgen steeds vaker voor vervelende situaties en schade. Niet alleen thuis, maar ook op vakantie. Wie betaalt die schade? En kan je je tegen alle soorten weersomstandigheden verzekeren?
( 3
min )
The current and former “bond kings” snipe at each other but then settle down to the serious stuff: where they’re putting their money, from mortgages to MLPs.
( 22
min )
Changing work rules have brought more women into the labor force. Early research suggests it could be contributing to higher birth rates. Plus, market newsletter commentary on the bank sector’s woes, small-business sentiment, and energy stocks.
( 22
min )
Wall Street legend Warren Buffett has always been a proponent of value investing. The Oracle of Omaha’s decades of almost unparalleled success have been built on recognizing when a stock is priced significantly below its inherent worth and then betting big on it. Touting the merits of patience and the long-term effect of compounding returns, Buffett is a master of his profession. However, even the most successful investors’ portfolios include stocks that go through down periods. It’s probably sa
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New regional chief will have offices in Winston-Salem and Charlotte, company says.
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min )
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Today's best CD rate is 5.75%, with six options available on terms of 6 to 15 months. If you have a jumbo CD deposit, you can do even better, earning up to 5.85%.
( 20
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The nation's largest pension fund, the California Public Employees' Retirement System, said Friday that investment chief Nicole Musicco will step down after a year and a half in the job.
Musicco is the latest in a string of top officials to leave Calpers, which for years has dealt with [significant
( 22
min )
The UAW took aim at Ford’s Jim Farley for making $21 million last year, but the CEOs of GM and Stellantis actually make even more.
( 34
min )
(Bloomberg) -- Planet Fitness Inc. sank after the company announced the immediate departure of its Chief Executive Officer Chris Rondeau, who’s held the position for more than a decade. Most Read from BloombergDisney Talks on ABC Sale Heat Up as Byron Allen Makes OfferUltra-Rich Buy Ultra-Luxury Counseling to Get Kids Into HarvardCanada Postpones Trade Mission to India With Tensions On RiseApple iPhone 15 Pro Max Deliveries Slip to November in Sign of DemandUnited Auto Workers Call Unprecedented
( 33
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Planet Fitness noted it has brought in an executive search firm to find a permanent replacement, and both internal and external candidates will be considered.
( 18
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Consumers took two hits in the pocketbook this past week. First came the August inflation numbers, with the headline annualized rate rising rom 3.2% to 3.7%. And on the heels of that came news that US crude oil, the WTI benchmark price, jumped above $90 per barrel for the first time since last November. That increase marks the latest in a series of oil price increases this year. WTI is up 40% from the low point it hit in March of this year, and shows a total year-to-date gain of 13.5%. The risin
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min )
(Bloomberg) -- The euro was headed for the longest streak of losses since its inception on bets the European Central Bank is done raising interest rates. Most Read from BloombergDisney Talks on ABC Sale Heat Up as Byron Allen Makes OfferUnited Auto Workers Call Unprecedented Strike at All Three Detroit AutomakersApple iPhone 15 Pro Max Deliveries Slip to November in Sign of DemandUltra-Rich Buy Ultra-Luxury Counseling to Get Kids Into HarvardCanada Postpones Trade Mission to India With Tensions
( 32
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Nicole Musicco is stepping down this month from the top investment spot at CalPERS, which she took 18 months ago.
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The funds will allow investors to easily get exposure to the chipmaker, whose stock has been soaring.
( 32
min )
Oil-and-gas companies have been laying down drilling rigs for much of 2023 as prices tumbled. Not anymore.
Producers this week ramped up drilling at the fastest pace since November, according to Baker Hughes, a sign that the sector is optimistic that fuel prices could rise in the months ahead.
Per
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Working from home surged in popularity because of the COVID-19 pandemic and subsequent lockdowns. Although the crisis is largely in the rearview mirror, remote work continues to be popular because it offers flexibility and alleviates commuting stress. But that convenience is no longer available at Wall Street juggernaut Goldman Sachs Group Inc. (NYSE:GS). According to a recent report from Bloomberg, Goldman is urging its employees to return to the office full time, following senior managers' fru
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Detroit’s striking auto workers would need a 30% pay hike just to cover inflation, making their demand for a 36% raise seem "fair," one analyst said.
( 33
min )
UBS argues that with various economic forces in balance, investors now have an opportunity to reap rewards across asset classes.
( 21
min )
(Bloomberg) -- Mohamed El-Erian is warning that a swath of corporations will be hurt by higher interest rates when they have to refinance next year.Most Read from BloombergDisney Talks on ABC Sale Heat Up as Byron Allen Makes OfferUnited Auto Workers Call Unprecedented Strike at All Three Detroit AutomakersCaesars Entertainment Paid Millions to Hackers in AttackVideo-Game Company Unity Closes Offices Following Death ThreatApple iPhone 15 Pro Max Deliveries Slip to November in Sign of Demand“If y
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The strategy of striking against all three automakers but at select plants — with the possibility of expanding the strike if necessary — is new for the union.
( 32
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My wife and I are 70 years old. We've paid off everything, including the house. Between my pension of $29,000 and Social Security, we're getting a gross of $99,000 a year in income, which is more than enough. Our current … Continue reading → The post Ask an Advisor: We Are 70 Years Old, Have $99K in Retirement Income, a $1.4M IRA and Other Investments. Is It Too Late to Convert to a Roth? appeared first on SmartAsset Blog.
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It doesn’t take much for sentiment to shift abruptly on Wall Street. Markets could be up one moment, then all of a sudden crash on account of a negative development. And looking at its current state, it won’t take much for it to come tumbling down, says Morgan Stanley’s chief investment officer and chief US equity strategist, Mike Wilson. “The S&P 500 risk/reward today is one of the worst I’ve ever seen, given the earnings setup that we see in front of us combined with the valuation that we have
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Retirement can seem like a faraway goal until all of a sudden, it's not. When you only have a few years left until you retire, the financial decisions you make take on a new importance. Once you're inside the five-year window, that's a good time to review your plan to make sure you're on track. […] The post How to Master the Last 5 Years Before Retirement appeared first on SmartReads CMS - SmartAsset.
( 35
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General Motors and two other automakers failed to reach a new labor agreement before their contract with employees represented by the United Auto Workers expired at midnight.
( 33
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The fitness chain says it has appointed Craig Benson as interim chief executive officer, effective immediately.
( 22
min )
The company reveals deliveries of its hydrogen-fuel-cell electric truck should begin in late September and early October.
( 22
min )
A logistics and supply chain deal is set to send ripples across the space as J.B. Transport Inc. revealed Thursday plans to acquire the brokerage operations of BNSF Logistics. Here are more details on the deal.
( 19
min )
(Bloomberg) -- Charles Schwab Corp. said it has been temporarily affected by attrition from clients as it integrates TD Ameritrade, leading to a decline in net new money for the firm last month.Most Read from BloombergByron Allen Makes $10 Billion Bid for ABC, Other Disney NetworksCaesars Entertainment Paid Millions to Hackers in AttackVideo-Game Company Unity Closes Offices Following Death ThreatUnited Auto Workers Call Unprecedented Strike at All Three Detroit AutomakersDisney Holds Initial Ta
( 32
min )
Chinese automakers like BYD have notched impressive growth in Europe as consumers flock to their affordable electric-vehicles.
( 22
min )
Elon Musk biographer Walter Isaacson's new book about the billionaire details his ouster as PayPal CEO by a group known as the "PayPal Mafia" who replaced him with Peter Thiel.
( 34
min )
The steel manufacturer says it expects third-quarter earnings between $4.10 and $4.20 a share, lower than the $4.61 analysts had forecast.
( 22
min )
Lisa Celli was excited to start her first day on Jan. 5 as a contractor delivering mail for the U.S. Postal Service in the small unincorporated town in California where she and her husband live. However, less than 24 hours after finishing her first route for Ameritrans Express, she received an alarming email stating the contract delivery company was taking “drastic action.” The post Former drivers for Ameritrans Express owed millions of dollars in unpaid wages appeared first on FreightWaves.
( 34
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Shares of Ford and General Motors fall after the United Auto Workers strikes against the Big Three auto makers, Arm stock surges after climbing in its trading debut, and Adobe beats earnings estimates.
( 22
min )
Kiwi Camara's salary, at $110 million, made him one of just nine CEOs to be paid more than Apple's Tim Cook, who was paid just $99 million.
( 32
min )
Shares in the chip designer jumped after it went public this week, with premarket trading volumes abnormally high as investors flocked to Arm stock.
( 22
min )
(Bloomberg) -- A resilient US economy will prompt the Federal Reserve to pencil in one more interest-rate hike this year and stay at the peak level next year for longer than previously expected, according to economists surveyed by Bloomberg News.Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackVideo-Game Company Unity Closes Offices Following Death ThreatByron Allen Makes $10 Billion Bid for ABC, Other Disney NetworksWhen the Homeowners Association Comes for Your H
( 33
min )
The technology company beat Wall Street expectations for both earnings and guidance.
( 22
min )
The big theme driving markets in 2023 has been the boom in enthusiasm for artificial-intelligence-exposed industries and firms. Is it played out?
( 22
min )
Hundreds of people, including auto workers on the night shift and their supporters, gathered at a Ford assembly plant in Wayne, Michigan as members of the United Auto Workers (UAW) union walked off the job to begin a historic strike. The first-ever simultaneous strikes against the "Detroit Three" automakers, including General Motors and Chrysler parent Stellantis, kicked off early on Friday after the union and companies failed to agree on new contracts. "This is what union looks like," said Mike Lester, a supporter who works at a supplier to the major automakers.
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Taiwan's TSMC has told its major suppliers to delay the delivery of high-end chipmaking equipment, as the world's top contract chipmaker grows increasingly nervous about customer demand, two sources familiar with the matter said. The instruction by TSMC, which is grappling with delays at its $40 billion chip factory in Arizona, is aimed at controlling costs and reflects the company's growing caution about the outlook for demand, the sources said. TSMC said it does not comment on "market rumour".
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(Bloomberg) -- SoftBank Group Corp.’s Masayoshi Son, whose record on tech investing took a drubbing after flameouts like WeWork and DoorDash Inc. fueled a record $32 billion loss at its Vision Fund arm in the last fiscal year, was determined to turn the tide.Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackVideo-Game Company Unity Closes Offices Following Death ThreatWhen the Homeowners Association Comes for Your HomeDisney Holds Initial Talks on Sale of ABC to Loc
( 35
min )
A proposal to revamp Visa’s complicated share structure has triggered a drop in its stock. It should be only temporary.
( 22
min )
The auto workers strike highlights Ford and GM's biggest issue: Can they afford to spend what it takes to thrive in the new world of electric vehicles?
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The labor contract between the United Auto Workers and the Detroit-Three automakers expired Thursday. A deal isn't done and the UAW declared a strike against the Detroit-Three automakers.
( 22
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A smart investor is a patient investor, in the game for the long haul. Warren Buffett, a legend in the markets, has long been known for advocating long-term holdings – and so does the investment firm Morgan Stanley. The bank’s annual ‘Vintage Values’ report points out the firm’s top stocks for a ‘buy-and-hold’ strategy on the one-year horizon. The current Vintage Values list has a lot to say on the subject, but a few features of their picks stand out. First, all of their picks are mid- or large-
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The United Nations Commission on International Trade Law is the core legal body of the United Nations' system in the field of international trade law.
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min )
To reduce the risk if you need to cash out of a CD early, choose one of these options that pays a nationally ranked APY but with a mild early withdrawal penalty.
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min )
Classical growth theory is an older theory that describes economic growth as a result of the division of labor and the gains from trade.
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min )
Charles Schwab shares declined after reporting its core net new assets dropped last month, in part due to attrition from clients who were originally at TD Ameritrade.
( 16
min )
Today's best CD rate is 5.75%, with six options available on terms of 6 to 15 months. If you have a jumbo CD deposit, you can do even better, earning up to 5.85%.
( 20
min )
U.S. equities sank on Sept. 15, 2023, with the S&P 500 Index dropping 1.2%, after a measure of consumer sentiment fell and tech stocks tumbled.
( 16
min )
There are at least four factors that affect change in futures prices, including risk free-interest rates, particularly in a no-arbitrage environment.
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min )
Planet Fitness noted it has brought in an executive search firm to find a permanent replacement, and both internal and external candidates will be considered.
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min )
Though markets may change, the best stock market quotes are timeless.
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While it has an abundance of resources, including people, Brazil needs to begin to refocus its management and development strategies.
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min )
Defined-benefit plans are funded by employers, while employees make contributions to defined-contribution plans to save for retirement.
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min )
Interbank Network for Electronic Transfer (INET) processed credit and debit card transactions between financial institutions (FIs).
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min )
Coming up next week: Federal Reserve and Bank of England policy meetings, as well as updates on the U.S. housing market.
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Officials at the Federal Reserve probably won’t raise the benchmark Fed Funds rate when they meet next week, but they will shed some light on how long today’s high interest rates will stay with us.
( 18
min )
Compare mortgage rates across 18 different products for both purchase and refinance and see how they stack up across the country.
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Downturns in the business cycle cause cyclical unemployment, so policymakers should focus on expanding output, which can be achieved by stimulating demand.
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min )
Stubborn inflation is making people feel pretty lousy about their own finances and the economy.
( 17
min )
The Current Population Survey is a statistical survey of households that is performed by the U.S. Census Bureau of Labor Statistics on a monthly basis.
( 21
min )
These companies had the most complaints about student loans reported to the Consumer Finance Protection Bureau. See which lender had the worst record.
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min )
Instacart increased its valuation to $10 billion after Arm Holdings' smooth listing amid active investor interest on Thursday.
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min )
U.S. equities dropped at midday on Friday, Sept. 15, 2023, after a report that consumer sentiment fell in September, and ahead of next week's Fed meeting.
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min )
Thomas C. Schelling was an American economist who received the 2005 Nobel Prize in economics for his application of game theory to social, political and economic problems.
( 21
min )
Adobe posted better-than-expected results and profit guidance as the company joined the growing list of tech firms that are benefiting from soaring demand for artificial intelligence products.
( 17
min )
Duopsony, the opposite of duopoly, is an economic condition in which there are only two large buyers for a specific product or service.
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min )
Media entrepreneur Byron Allen reportedly has offered to purchase the Walt Disney Co.’s ABC network, local stations, and cable channels FX and National Geographic.
( 17
min )
Apple will roll out a software update for iPhone 12 users in France after the country banned sales of iPhone 12 over radiation concerns, while other European countries mull similar measures.
( 18
min )
Women's small business grants are offered by many institutions, private and public alike, for the purposes of funding women-owned businesses. Here's how to find and apply for these opportunities and understand the eligibility and documentation requirements.
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min )
The debt avalanche method pays off the high-interest debt first, and the debt snowball method focuses on paying off the smallest debt first. Learn how they work.
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min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 20-year mortgage rates, all collected here.
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min )
The right mortgage can make your dream of owning a home a reality. We researched and collected the best 15-year loan offers.
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min )
The United Auto Workers union launched a simultaneous strike against the Big Three Detroit car companies for the first time after failing to reach an agreement by Thursday's deadline.
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min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 10-year mortgage rates, all collected here.
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min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best jumbo mortgage rates, all collected here.
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min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 30-year mortgage rates, all collected here.
( 18
min )
Compare mortgage refinance rates across 18 different products, from 30-Year Fixed to 5/6 ARMs and everything in between.
( 18
min )
Price rate of change (ROC) is a technical indicator that measures the percent change between the most recent price and a price in the past used to identify price trends.
( 24
min )
Wijnboeren in Italië maken zich op voor een slecht oogstseizoen. Schimmels die de wijnranken aantasten kregen vrij spel dankzij opeenvolgende periodes van hevige regen en droogte. Vooral in Zuid-Italië zorgt dat voor problemen met de oogst.
( 4
min )
De fossiele sector krijgt nog meer subsidie dan gedacht. Volgens een berekening van het ministerie van Economische Zaken en Klimaat gaat het om 39,7 miljard tot 46,4 miljard euro per jaar.
( 5
min )
Vakbonden FNV en CNV zijn samen met KLM tot een cao-akkoord gekomen voor het grondpersoneel van de luchtvaartmaatschappij. Het is nu aan de leden van de bond om daarmee in te stemmen. Doen zij dat, dan zijn de eerder dreigende stakingen definitief van de baan, aldus CNV-onderhandelaar Souleiman Amallah.
( 4
min )
Oekraïne mag weer graan exporteren naar Oost-Europese landen. Dat zijn Brussel en Kyiv overeengekomen. Wel moet Oekraïne zelf maatregelen nemen zodat hun goedkope landbouwproducten niet te veel concurreren met die van Hongaarse en Slowaakse boeren.
( 3
min )
De staalfabriek van Tata Steel in Wales krijgt 580 miljoen euro (500 miljoen pond) steun van de Britse overheid. Het bedrijf legt zelf nog 700 miljoen bij. Het geld is nodig om de staalproductie te vergroenen.
( 3
min )
De Ierse privacytoezichthouder DPC heeft een boete van 345 miljoen euro opgelegd aan TikTok. Het videoplatform heeft volgens de waakhond de privacy van kinderen in Europa onvoldoende beschermd.
( 4
min )
Nu de festivalzomer ten einde loopt, maken eigenaren van foodtrucks de balans op. Hoe hebben zij zich deze zomer staande gehouden met de stijgende inkoopprijzen en personeelskosten?
( 6
min )
Slechts een minderheid van de 75.000 gedupeerde passagiers van Holland Norway Lines kan de kosten voor hun geboekte reis vergoed krijgen vanuit het garantiefonds SGR. Dat verwacht de curator van de failliete veerdienst, Hans Silvius.
( 4
min )
Nu de festivalzomer ten einde loopt, maken eigenaren van foodtrucks de balans op. Hoe hebben zij zich deze zomer staande gehouden met de stijgende inkoopprijzen en personeelskosten?
( 6
min )
Automobilisten moeten steeds meer betalen aan de pomp. Vooral de dieselrijder was afgelopen week de pineut: de brandstof werd in een week tijd 8 cent per liter duurder. Bij benzine kwam er 3,5 cent bij.
( 4
min )
Er zijn nog steeds bedrijven die mensen zomaar bellen om producten of contracten te verkopen. "Als je ongevraagd wordt gebeld met een aanbieding, is dat eigenlijk nooit het beste aanbod", zegt de Autoriteit Consument & Markt. Laat staan dat verkopers je überhaupt mogen bellen.
( 4
min )
Er komt een software-update die de stralingsproblemen van de iPhone 12 moet oplossen. Omdat de iPhone 12 te veel straling uitzendt, mag het toestel in Frankrijk niet meer worden verkocht. Ook in Nederland wordt het stralingsniveau van de telefoon onderzocht.
( 4
min )
Er zijn nog steeds bedrijven die mensen zomaar bellen om producten of contracten te verkopen. "Als je ongevraagd wordt gebeld met een aanbieding, is dat eigenlijk nooit het beste aanbod", zegt de Autoriteit Consument & Markt. Laat staan dat verkopers je überhaupt mogen bellen.
( 3
min )
Er komt een software-update die de stralingsproblemen van de iPhone 12 moet oplossen. Omdat de iPhone 12 te veel straling uitzendt, mag het toestel in Frankrijk niet meer worden verkocht. Ook in Nederland wordt het stralingsniveau van de telefoon onderzocht.
( 4
min )
Wie geen afscheid kan nemen van een oud paar Dr. Martens kan binnenkort in de Engelse plaats Leeds terecht voor reparatie. Daar opent het schoenenbedrijf een speciale werkplaats, ook al gaat dat mogelijk ten koste van de verkoop.
( 3
min )
In drie Amerikaanse autofabrieken zijn stakingen begonnen nadat de grootste Amerikaanse vakbond van de autosector geen akkoord heeft bereikt met de grote autofabrikanten. 12.700 werknemers leggen het werk neer. Ze eisen een hoger salaris en betere arbeidsvoorwaarden.
( 3
min )
Vakbond CNV heeft nieuwe onderhandelingseisen bekendgemaakt. Volgend jaar zal de vakbond loonsverhogingen najagen van 4 tot 10 procent. Ook zet CNV in op een kortere werkweek en aandelen voor werknemers.
( 3
min )
In drie Amerikaanse autofabrieken zijn stakingen begonnen nadat de grootste Amerikaanse vakbond van de autosector geen akkoord heeft bereikt met de grote autofabrikanten. 12.700 werknemers leggen het werk neer. Ze eisen een hoger salaris en betere arbeidsvoorwaarden.
( 3
min )
In drie Amerikaanse autofabrieken zijn stakingen begonnen nadat de grootste Amerikaanse vakbond van de autosector geen akkoord heeft bereikt met de grote autofabrikanten. 12.700 werknemers leggen het werk neer. Ze eisen een hoger salaris en betere arbeidsvoorwaarden.
( 3
min )
Het nieuwe kabinet staat straks voor een grote uitdaging: een oplossing vinden voor de krapte op de arbeidsmarkt. De personeelstekorten in sectoren als de zorg, het onderwijs en de techniek zijn enorm en dat blijft voorlopig zo.
( 5
min )
General Motors said Thursday it boosted its contract offer to a 20% wage hike for U.S. autoworkers, including 10% in the first year, in a move to avoid a strike that is scheduled to begin at 11:59 p.m. if no deal is agreed on. The strike by the United Auto Workers union, which represents about 150,000 workers at Ford, General Motors and Stellantis, would target specific automotive plants across the country. According to Anderson Economic Group, a work stoppage of 10 days could result in an economic loss of more than $5 billion.
( 33
min )
As Citigroup embarks on a sweeping reorganization, support staff in compliance and risk management are among the most likely to lose their jobs, according to sources familiar with the situation. Citi managers are already convening discussions with employees about potential layoffs, according to the sources, who declined to be identified discussing personnel matters. One-on-one meetings about departures were also starting, one of the sources said.
( 32
min )
GE management said Thursday third-quarter earnings per share and free cash flow are coming in at the upper end of the expected range.
( 22
min )
About 13,000 auto workers have walked off the job at three targeted factories after their union leaders couldn't reach a deal with Detroit's automakers. The United Auto Workers union is seeking big raises and better benefits from General Motors, Ford and Stellantis.
( 36
min )
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Today's best CD rates are 5.85% and 5.80% if you have a jumbo deposit, or 5.75% with one of six non-jumbo options. Terms on the top rates range from six to 15 months.
( 20
min )
Nearly half of Americans say it would "take a miracle" for them to achieve retirement security, according to a new study.
( 32
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United Auto Workers say their pay should be increased in new four-year contract with Ford, GM and Stellantis.
( 32
min )
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Shares of AT&T advanced on Thursday after the telecom giant’s CFO told an investor conference he was confident of the company’s outlook.
( 18
min )
Investors looking to bet against the soaring shares of newly-listed Arm Holdings may have to wait at least a day before the stock becomes available for shorting, analysts said. Shares in SoftBank's Arm Holdings opened 18% above their offer price in their Nasdaq debut on Thursday, valuing the British chip designer at nearly $60 billion in its return to the public markets after seven years. Investors can begin selling the shares short as soon as their broker has reasonable grounds to believe that the security can be borrowed - in market parlance, be able to "locate" the shares, said Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners.
( 31
min )
(Bloomberg) -- Cocaine is set to become Colombia’s main export, overtaking oil, as production of the narcotic continues to expand as the government take a more lenient policy regarding drugs, according to estimates by Bloomberg Economics.Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackRay Dalio Says He Doesn’t Want to Hold Bonds, Cash ‘Is Good’Russian Elite Bring Back $50 Billion of Assets as Havens DwindleStocks Climb on Bets Fed Can Achieve Soft Landing: Markets
( 32
min )
The company is in the midst of moving thousands of advisors to its platform from TD Ameritrade, which it acquired three years ago.
( 22
min )
Card firm Visa is in discussions with stockholders to possibly allow big banks to exchange up to half their class B shares, which don't trade publicly, into NYSE-listed shares.
( 22
min )
The deals are more accessible to everyday investors than traditional initial public offerings.
( 27
min )
GE, soon to become GE Aerospace, is bolstering its strong balance sheet ahead of the company's spinoff of GE Vernova and relocation to Cincinnati. "Things could not be set up better for both businesses."
( 21
min )
(Bloomberg) -- Just weeks before closing its doors and dismissing thousands of employees, Yellow Corp. doled out millions of dollars in bonuses to executives so they wouldn’t leave the trucking firm during its chaotic unraveling, court papers show.Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackRay Dalio Says He Doesn’t Want to Hold Bonds, Cash ‘Is Good’Russian Elite Bring Back $50 Billion of Assets as Havens DwindleCiti Plans Job Cuts as It Revamps Top Management
( 34
min )
The tech company could talk prominently about its future AI chips at its developer conference next week.
( 22
min )
It might be time to abandon the idea of a balanced portfolio. Traditional wisdom holds that investors should diversify their assets. While working and saving, you should invest in a mix of assets weighted toward stocks and growth. In your retired life, you should invest in a mix of assets weighted toward security and income. […] The post A Black and White Approach To Retirement: Advisors Weigh In on BlackRock’s Unconventional Recommendation appeared first on SmartReads by SmartAsset.
( 35
min )
The European Central Bank (ECB) has increased interest rates to a record high as the continent battles to bring down persistent inflation.
( 45
min )
The company led by Joaquin Duato launches a rebranding as it focuses on higher-risk prescription drugs and medical devices after shedding its consumer business.
( 26
min )
Let’s take a moment to talk about opportunity, share price, and risk/reward considerations. These are some of the factors investors must consider when moving into penny stocks – and we haven’t even touched on the fundamental soundness of the company or its business model. Penny stocks – as their name suggests, they once traded for just a pennies per share, but these days are considered those equities trading at less than $5 – are a challenging market niche. The penny stock critics make valid poi
( 35
min )
Etsy upgraded, RTX downgraded to Sell: Wall Street's top analyst calls
( 34
min )
Millions of Americans had student debt canceled despite the Supreme Court's decision. Some will owe state taxes on it. Find out if you're one of them.
( 33
min )
Chief Financial Officer Pascal Desroches at a conference on Thursday said AT&T expects to deliver $4.5 billion to $5 billion in free cash for the third quarter.
( 22
min )
NEW YORK (Reuters) -A slew of U.S. economic data on Thursday showed stronger-than-expected numbers that stoked worries about sticky inflation and reinforced the view that the Federal Reserve is likely to keep interest rates higher for longer. U.S. producer prices rose 0.7% in August, compared with expectations of a 0.4% increase. U.S. retail sales also climbed 0.6% last month, against estimates of a 0.2% rise, while initial jobless claims for the latest week fell to 220.000.
( 33
min )
Bitcoin prices flash a technical warning sign for the first time since January 2022, the early days of last year's brutal bear market.
( 22
min )
Redburn Atlantic analyst Alex Brignall upgrades shares of Carnival and Norwegian Cruise Line Holdings to Buy from Neutral.
( 23
min )
Frustrated that Citi is 'seriously underestimated', Fraser bills her plan as the most consequential change in the way the bank runs in nearly 20 years.
( 33
min )
America’s youngest working generation has a different approach to career growth.
( 32
min )
It isn’t just Tesla founder Elon Musk that thinks workers (or more specifically, remote workers) are “lazy”, Frontier Airlines chief executive, Barry Biffle, recently weighed in on the debate.
( 34
min )
The company would be worth roughly $54.5 billion. Several prominent tech firms have sought to buy into the offering.
( 23
min )
The Berkshire open-market sale is the first of HP since Warren Buffett's conglomerate accumulated a 12% stake in the PC maker in early 2022
( 23
min )
Saving for a down payment can be a significant obstacle for first-time homebuyers. If a child or grandchild is struggling to become a homeowner, you may want to help them out with the assets you’ve managed to accrue. A recent report from J.P. Morgan outlined several techniques that can help parents and grandparents lend a […] The post Here's How to Help Your Child (or Grandchild) Buy a Home appeared first on SmartReads by SmartAsset.
( 33
min )
(Bloomberg) -- The US bond market hasn’t flashed recession warnings so consistently for so long in at least six decades. Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackCiti Plans Job Cuts as It Revamps Top Management StructureChina Sows Fresh Confusion About Apple With Security RemarksLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticFrom $1 Billion to Almost Worthless: FaZe Clan Runs Out of HypeOn Wall Street and in Washington, optimism may be buil
( 33
min )
Both the Nasdaq and the S&P 500 gained on Wednesday following data that showed the annual rise in core consumer prices, excluding volatile items like food and energy prices, was the smallest in nearly two years. Rising oil prices, however, could keep inflation at elevated levels, analysts said. Higher gasoline prices pushed the headline inflation figure to a 14-month high, while stickiness in services inflation kept alive the prospects of a November hike.
( 32
min )
The head of the United Auto Workers says the union and the Big Three auto makers are still 'very far apart' on the union’s key priorities for wage increases as a strike deadline looms, chip makers Nvidia and Taiwan Semiconductor rise as Arm's IPO is priced at the high end of the expected range, and Berkshire Hathaway sells 5.5 million shares of HP Inc.
( 23
min )
The deals are more accessible to everyday investors than traditional initial public offerings.
( 27
min )
The semiconductor designer priced its U.S. initial public offering at $51 a share, the top of the expected range, which gives the company a market value of almost $55 billion.
( 23
min )
(Bloomberg) -- Bridgewater Associates LP founder Ray Dalio said he doesn’t want to own bonds and prefers cash, highlighting difficulties investors face as global central banks try to manage inflation.Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackCiti Plans Job Cuts as It Revamps Top Management StructureChina Sows Fresh Confusion About Apple With Security RemarksLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticFed on Alert for One More Hike After ‘
( 31
min )
Moody's said it expected contracted sales to fall by about 5% over the next six to 12 months in China, and the impact of government measures to boost property purchases was likely to be short-lived and uneven. China Evergrande Group, the world's most indebted property developer, is at the centre of the crisis.
( 31
min )
(Bloomberg) -- SoftBank Group Corp. satisfied its ambitions for Arm Holdings Plc by raising $4.87 billion in the year’s biggest initial public offering, while resisting the temptation to try for more.Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackCiti Plans Job Cuts as It Revamps Top Management StructureChina Sows Fresh Confusion About Apple With Security RemarksLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Ou
( 34
min )
Think Sweden, where a nosedive in the local crown currency over the past 18 months is proving a blessing for used-car dealers and other exporters. But 20 years after Swedes voted in a referendum to stay out of Europe's single currency, the crown's 17.5% slide against the euro is not making everyone happy. "Many foreign car dealers think there is a sale on in Sweden," Joachim Agren, senior key account manager at the Swedish branch of BCA, Europe's largest vehicle remarketing company according to its website, told Reuters.
( 34
min )
Failed talks between RTX and a Saudi defense firm show the kingdom’s difficulties in establishing its own military industry.
( 24
min )
The Hong Kong-listed shares of Chinese electric vehicle (EV) makers fell on Thursday after the European Commission launched an investigation into Chinese subsidies for EVs, escalating tensions between Beijing and the EU. Hong Kong shares of market leader BYD slid more than 3%. Smaller rival Xpeng fell 0.6%, while Nio was down more than 2% and Geely Auto dropped more than 1%.
( 30
min )
(Bloomberg) -- AMC Entertainment Holdings Inc. raised about $325.5 million through the sale of 40 million shares, a move that it said would address a cash crunch as the movie-theater industry rebounds. Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackCiti Plans Job Cuts as It Revamps Top Management StructureChina Sows Fresh Confusion About Apple With Security RemarksLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands
( 32
min )
"It's going to make some of our people very uncomfortable. I am absolutely fine with that," CEO Jan Fraser said on Wednesday.
( 31
min )
The Berkshire open-market sale is its first of HP since the company accumulated a 12% stake in the PC maker in early 2022
( 23
min )
Warren Buffett's Berkshire Hathaway said on Wednesday it has sold about 5.5 million shares of HP, undoing part of what has been a large, unsuccessful investment in the maker of personal computers and printers. Berkshire sold the shares this week for about $158 million, reducing its HP stake to about $3.27 billion, according to a filing with the U.S. Securities and Exchange Commission. Buffett's company now owns about 11.7% of HP's shares, down from 12.2% before the sales, SEC filings show.
( 32
min )
Forbearance is a form of repayment relief involving temporarily postponing loan payments, typically for home mortgages or student loans.
( 26
min )
Today's best CD rates are 5.85% and 5.80% if you have a jumbo deposit, or 5.75% with one of six non-jumbo options. Terms on the top rates range from six to 15 months.
( 19
min )
Shares of AT&T advanced on Thursday after the telecom giant’s CFO told an investor conference he was confident of the company’s outlook.
( 17
min )
A decade after the financial crisis, Neel Kashkari, the man who oversaw TARP, answers questions on lessons learned.
( 19
min )
U.S. equities gained on Sept. 14, 2023, with the S&P 500 Index adding 0.8%, after positive economic news and a successful IPO from British chip designer Arm.
( 16
min )
Present value means an amount of money today is worth more than that same amount in the future. Unspent money today could lose value by a future date due to inflation.
( 28
min )
Shares of British chip designer Arm jumped close to 25% in their first day of trading after the biggest IPO since October 2021.
( 17
min )
The Revenue Act of 1862 was passed by Congress to fund the Union in the American Civil War and created the Bureau of Internal Revenue.
( 20
min )
America ranked as the 18th best country for retirement in 2022. Here's why it's only in the middle of the pack.
( 22
min )
Betterment and Vanguard Personal Advisor Services are two solid options, so the right one for you will depend on your digital-versus-human preference, the amount you have to invest, and your desire to fine-tune your portfolio.
( 28
min )
The intentional poverty line is a metric used globally to determine if an individual is considered to be living in poverty.
( 19
min )
If paying for college in interest-free installments seems like an appealing alternative to traditional student loans, the government’s consumer watchdog has a warning: Read the fine print carefully.
( 18
min )
Chartered portfolio manager is a professional designation offered by the Global Academy of Finance and Management (GAFM).
( 18
min )
If you bought I bonds in 2022, you're allowed to cash them in once they're a year old. But it's smarter to hold them just a bit longer to boost your return.
( 20
min )
Find out what deflation is and its causes, how it hurts the economy, and how it can lead to a worsening economic cycle.
( 21
min )
A Certified Insolvency & Restructuring Advisor (CIRA) is a certification for professionals who work with companies going through insolvency.
( 20
min )
French regulatory authorities determined that the iPhone 12's emitted radiation that is above acceptable limits, leading to a ban that has raised concerns in other European countries.
( 18
min )
Arm began trading on the Nasdaq on Thursday under the symbol "ARM," in the biggest U.S. IPO since 2021.
( 17
min )
The efficient market hypothesis refers to aggregated decisions of many market participants.
( 19
min )
Austerity measures are attempts to curtail government spending to control public-sector debt.
( 20
min )
Made in America isn't as cut and dried as you might think. Unclear FTC rules allow just enough flexibility to make it hard to tell fact from fiction.
( 24
min )
Issuing its 10th-straight interest rate hike, the European Central Bank raised its main rate to 4%, an all-time high for the institution as inflation is expected to increase to 5.6% in 2023
( 18
min )
When it comes to prices, businesses are in the same boat as consumers: facing higher costs because of rising fuel prices.
( 17
min )
Private companies are owned by a company's founders and/or private investors. Public companies are traded on public exchanges and are owned by shareholders.
( 25
min )
U.S. equities gained at midday on Thursday, Sept. 14, 2023, as a higher-than-expected retail sales report boosted optimism about consumer spending.
( 16
min )
HP shares dropped after Warren Buffett’s Berkshire Hathaway reduced its holdings in the PC and printer maker by 4.5% this week.
( 17
min )
AMC raised more than $325 million after successfully completing a stock sale aimed at shoring up the financially struggling theater chain operator.
( 17
min )
Learn the underlying theories behind these concepts and what they can mean for your portfolio.
( 27
min )
U.S. consumers still have enough buying power to keep on spending—at least on gasoline.
( 18
min )
A buyer's monopoly, or monopsony, is a market situation where there is only one buyer of a good, service, or factor of production.
( 21
min )
Suburbs in New Jersey, Illinois, Indiana among those at highest risk of housing declines, an ATTOM report found, though concluded the economy is too strong to sound any imminent warnings.
( 18
min )
A master limited partnership (MLP) combines the tax benefits of a partnership with the liquidity of a public company.
( 29
min )
Walras's law is a theory that the existence of excess supply in one market must be matched by excess demand in another market so that it balances out.
( 18
min )
A president's campaign trail promises often come up against economic reality.
( 21
min )
The World Trade Organization has its share of detractors. Find out why this international entity has such harsh critics.
( 21
min )
Find out how dividends affect a company's stockholder equity and how the accounting process changes based on the type of dividend issued.
( 23
min )
Regardless of whether a shareholder loses their stock certificate, that person still owns the shares.
( 19
min )
De Franse supermarktketen Carrefour waarschuwt in haar winkels voor krimpflatie, het fenomeen waarbij productverpakkingen kleiner worden, maar de prijskaartjes niet. Carrefour hing kaartjes op bij bepaalde producten, waaronder Lipton Ice Tea, om klanten hiervoor te waarschuwen.
( 3
min )
Een deel van de winkels van de noodlijdende elektronicaketen BCC was donderdag dicht vanwege onveilige situaties voor het personeel. Dat heeft topman Caspar Klinkhamer aan NU.nl laten weten.
( 3
min )
KPN mag telecomprovider Youfone niet zomaar overnemen. Toezichthouder ACM wil eerst onderzoeken of er na de deal nog genoeg concurrentie overblijft.
( 3
min )
Ryanair-baas Michael O'Leary, die vorige week twee taarten van klimaatactivisten in zijn gezicht heeft gekregen, is niet bezorgd over zijn veiligheid. Wel vindt de topman dat de klimaatbeweging de luchtvaart ten onrechte als doelwit heeft genomen, zegt hij tegen Sky News.
( 4
min )
De Autoriteit Persoonsgegevens heeft bij een techbedrijf navraag gedaan naar een chatbot in een app. De privacytoezichthouder wil weten hoe de chatbot persoonsgegevens verwerkt. Om welke app het gaat, zegt de toezichthouder niet. Wel is duidelijk dat de chatbot populair is bij kinderen.
( 4
min )
Om de aanhoudende prijsstijgingen in toom te houden, verhoogt de Europese Centrale Bank (ECB) de rente met 0,25 procentpunt naar 4 procent. Het is de tiende verhoging in iets meer dan een jaar, wat nooit eerder gebeurde.
( 4
min )
Grote techbedrijven als Google en Facebook-moederbedrijf Meta kennen ons ontzettend goed. Op basis van ons kijkgedrag, onze zoekgeschiedenis en hoe we scrollen en liken op Facebook verzamelen ze (vaak) ongemerkt veel informatie. Niet voor niets natuurlijk: zo verdienen de techgiganten hun geld.
( 4
min )
Grote techbedrijven als Google en Facebook-moederbedrijf Meta kennen ons ontzettend goed. Op basis van ons kijkgedrag, onze zoekgeschiedenis en hoe we scrollen en liken op Facebook verzamelen ze (vaak) ongemerkt veel informatie. Niet voor niets natuurlijk: zo verdienen de techgiganten hun geld.
( 4
min )
Nederland staat bekend als fietsland nummer één, maar bij de productie van de tweewielers hebben we het vorig jaar afgelegd tegen acht andere landen binnen de Europese Unie.
( 3
min )
Pieter Pot vraagt klanten voor de tweede keer om te investeren in het bedrijf. Eerder haalde de verpakkingsvrije supermarkt op deze manier een half miljoen euro op. Het blijft onzeker of de idealistische winkel op de lange termijn houdbaar is.
( 4
min )
Leiders van belangrijke techbedrijven kwamen woensdag bij elkaar in de Amerikaanse Senaat om met beleidsmakers te praten over kunstmatige intelligentie. Ze waren het er allemaal over eens: er moeten duidelijke regels voor het gebruik van AI komen.
( 4
min )
Elektronicaketen BCC heeft uitstel van betaling aangevraagd. Het bedrijf heeft te maken met flinke concurrentie, waardoor de financiële positie al maanden onder druk staat.
( 3
min )
Nederland staat voor urgente opgaven op het gebied van klimaat, arbeidsmarkt, gezondheid en het toekomstige verdienvermogen. Daarom moet de overheid scherpere eisen stellen aan bedrijven, minder subsidies verstrekken en meer duidelijkheid eisen voor de lange termijn.
( 4
min )
De inflatie in Argentinië is in augustus op jaarbasis uitgekomen op 124,4 procent. Dat is het hoogste niveau sinds 1991.
( 3
min )
Vereniging Eigen Huis vindt dat het demissionaire kabinet zo snel mogelijk met een oplossing moet komen voor het vleermuizenprobleem bij het isoleren van spouwmuren.
( 3
min )
Als het kabinet ongelijkheid tussen mannen en vrouwen met jonge kinderen op de arbeidsmarkt wil aanpakken, moet er gekeken worden naar de kwaliteit en beschikbaarheid van kinderopvang. En willen we écht meer gelijkheid, dan moet verder gekeken worden dan alleen de kinderopvang.
( 4
min )
Monetization is the permanent increase in the monetary base to fund the government. Central banks buy interest-bearing debt with non-interest-bearing money.
( 20
min )
An express warranty is an agreement by a seller to repair or replace a faulty product within a specified time period after purchase.
( 20
min )
Today's best CD rate is 5.75%, from six banks and credit unions, with top jumbo CD rates of 5.85% from One America Bank and 5.80% from Finworth and All In Credit Union.
( 18
min )
Obtaining a company's prospectus—or other financial documents—is now a simple online task.
( 20
min )
The Senior Citizens League raised its estimate for 2024's Social Security Cost-of-Living Adjustment (COLA) to 3.2%, up from 3% after the latest inflation report showed prices rose more than expected in August.
( 18
min )
US equities were mixed on Sept. 13, 2023, with the S&P 500 Index rising 0.1% after Labor Department reported core consumer inflation that was higher than estimates.
( 16
min )
Jennifer Granholm is the Secretary of Energy. She previously served as the Governor of Michigan and as the state's Attorney General.
( 22
min )
Shares of MGM Resorts International fell after the hotel and casino operator revealed that it was a target of a cybersecurity attack, and suggested that it could have a material effect on the company.
( 17
min )
A company's bankruptcy can mean significant changes for your insurance coverage and benefits. Learn how bankruptcy can affect you and how to stay safe.
( 24
min )
U.S. equities were higher at midday on Wednesday, Sept. 13, 2023 after hotter-than-expected inflation figures as gas prices surged failed to change traders' expectations that the Fed would pause rate hikes.
( 18
min )
At 11:59 p.m. Eastern Time Thursday, up to 150,000 members of the United Auto Workers union could walk off the job if they don’t reach a deal on wages and working conditions with the big three automakers in Detroit.
( 18
min )
Most U.S. employees are using some form of generative artificial intelligence (AI) at work, but few companies have AI policies.
( 17
min )
The loss disallowance rule limits a corporation's ability to claim the losses of a subsidiary business for tax purposes.
( 18
min )
Rising oil prices have boosted some of the biggest exchange-traded funds (ETFs) that track the price of crude, many of which have risen more than 20% since late June.
( 18
min )
SNAP, which is often referred to as the “food stamps program,” has been helping people whose incomes are below the federal poverty threshold purchase food since 1961.
( 24
min )
Read about the difference between asset-price inflation and real economic growth and why a rising stock market or housing market can be misleading.
( 21
min )
Accounting Standards Executive Committee (AcSEC) is now called the Financial Reporting Executive Committee.
( 19
min )
Citigroup (C) on Wednesday launched a restructuring effort, changing its organizational structure and cutting back on jobs. But can the move bring shareholders some respite?
( 18
min )
Vietnamese EV maker VinFast Auto is particularly focused on Indonesia, earmarking $1.2 billion in long-term investments in the nickel-rich nation.
( 17
min )
Moderna (MRNA) was the best-performing stock in the S&P 500 as the vaccine maker reported its experimental flu shot met its primary endpoint in a Phase 3 trial.
( 17
min )
U.S. equities were higher at midday on Wednesday, Sept. 13, 2023 after hotter-than-expected inflation figures as gas prices surged failed to change traders' expectations that the Fed would pause rate hikes.
( 17
min )
Employer mandates are forcing some people to choose between selling their homes at a loss or losing their jobs, according to a Redfin survey.
( 18
min )
The analysis, released by the U.S. Environmental Protection Agency (EPA), used models to assess how the act’s investments in clean energy and other climate-related solutions will reduce CO2 emissions.
( 18
min )
Airline stocks tumbled after American Airlines and Spirit Airlines warned that higher fuel costs and other expenses will hurt profits in the key summer travel season.
( 17
min )
Ford Motor Co (F) will slash prices and double down on the production of its gasoline-electric hybrid F-150 pickup truck, as higher costs continue to limit demand for all-electric vehicles.
( 17
min )
A Special Purchase and Resale Agreement is an open market operation used by the Bank of Canada to help target interest rates.
( 17
min )
Higher fuel prices are driving up the cost of living and complicating the battle against inflation.
( 18
min )
"Best endeavors" is a phrase in commercial contracts that obligates a party to use all efforts necessary to fulfill a duty.
( 19
min )
A business credit score is a number indicating whether a company is a good candidate to receive a loan or become a business customer.
( 25
min )
Uncollected funds are the portion of a check deposit that remains unavailable to customers until the deposit is verified and clears the banking system.
( 23
min )
Shares of Chinese EV makers are falling after European Union (EU) regulators launched a probe targeting state subsidies for Chinese EV makers like Nio, BYD, and XPeng, in a bid to protect domestic automakers.
( 18
min )
Roll's critique is an economic idea that suggests that it is impossible to create or observe a truly diversified market portfolio.
( 18
min )
Berkshire Hathaway is one of the most coveted companies and stocks in the world, thanks to the investing prowess of Warren Buffett.
( 26
min )
A debtor nation has negative net investment after recording all of the financial transactions it has completed worldwide.
( 20
min )
Binance.US CEO Brian Shroder has left the crypto exchange and the platform cuts 100 positions amidst increasing regulatory scrutiny.
( 17
min )
An economy of scale is a microeconomic term that refers to factors that drive production costs down while increasing the volume of output. Find out the difference between internal economies of scale and external economies of scale.
( 23
min )
Amazon said it plans to boost pay and benefits for contract drivers with a $450 million investment this year into its delivery service partners program.
( 17
min )
Find out about the benefits, features, and interest charges of the Goodyear Credit Card. Learn which customers benefit most and who the competition is.
( 24
min )
If you have life insurance, there are a couple of ways it potentially can help you buy a house. Find out how they compare.
( 24
min )
Money market accounts are different from money market funds, but they share some similarities. Learn more about how the two kinds of accounts compare.
( 25
min )
The American Accounting Association (AAA) is an organization that supports worldwide excellence in accounting education, research, and practice.
( 19
min )
Currency substitution is when a country uses a foreign currency in lieu of, or in addition to, its currency, mainly due to the former's stability.
( 20
min )
Euro LIBOR is the London Interbank Offered Rate denominated in euros, which banks offer each other for large, short-term loans.
( 20
min )
Discover why economic profits are theoretically impossible in a perfectly competitive market and why some economists use perfect competition models.
( 21
min )
Personal loan rates continued their decline this week, falling to 20.94%, losing just 2 basis points since last week when the average personal loan rate sat at 20.96%.
( 19
min )
Term Auction Facility was a monetary policy program designed to increase liquidity in U.S. credit markets.
( 20
min )
The annual rate of consumer inflation in the U.S. is expected to rise for the second straight month, and ADRs of Chinese electric vehicle makers fell after the European Union opened an investigation into price subsidies. Here’s what investors need to know today.
( 18
min )
There are two ways to calculate a nation's gross domestic product (GDP): By adding up all of the money spent or all of the money earned.
( 22
min )
Learn more about interest on interest, or compound interest, including what it is, why it matters, and how to calculate compound interest accrued.
( 22
min )
The Financial Crisis of 2008-09 rattled the global economy and investors.
( 27
min )
Crude oil prices surged to 10-month highs after OPEC and the EIA indicated surging demand could keep prices elevated, but analysts suggest they may not have much room to rise further.
( 18
min )
With the third quarter winding down, and the final quarter of the year almost upon us, it’s time to take stock of stock markets. Where are we likely to go in the next few months, and what are the likely forces to impact trading? In some recent comments on CNBC, Citi strategist Scott Chronert lays out his own belief that we’re likely to see some further gains. Chronert first points out that fears of a hard recession have faded, or as he puts it, “We’ve been pricing in a soft landing since the fir
( 36
min )
Caesars is second major casino operator hit by hackers in recent weeks.
( 28
min )
The Direxion Daily NVDA Bull 1.5x Shares ETF seeks to deliver 1.5 times the price return of daily moves in Nvidia’s shares, which have more than tripled year-to-date. Meanwhile, the Direxion Daily NVDD Bear 1x Shares ETF allows bearish investors to profit when Nvidia’s shares decline.
( 32
min )
Goldman Sachs has fired several executives in its transaction banking business following violation of the firm's communications policy, according to a memo seen by Reuters on Wednesday. The company did not name the individuals. "We are not going to comment on individual disciplinary matters," a spokesperson said.
( 30
min )
Mullen Automotive Inc. said it spent $3.5 million to purchase battery pack production assets from Romeo Power.
( 14
min )
As usual, the media and politicians are blaming the possibility of an auto strike on the auto workers union, but company managements are the guilty parties.
( 37
min )
(Bloomberg) -- Caesars Entertainment Inc. paid tens of millions of dollars to hackers who broke into the company’s systems in recent weeks and threatened to release the company’s data, according to two people familiar with the matter. Most Read from BloombergChina Sows Fresh Confusion About Apple With Security RemarksCiti Plans Job Cuts as It Revamps Top Management StructureLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Out in First Look at De
( 32
min )
“We continue to invest in top engineering and technical talent while also meaningfully slowing the pace of our overall hiring,” a Google spokesperson said.
( 19
min )
Truist's planned $750 million in costs cuts have put it on the right path to achieve greater efficiency, but that isn't the bank's top concern, one analyst told CBJ.
( 21
min )
The drug is likely to get pulled, but the financial impact for the makers of Tylenol, Sudafed, and Advil won’t be substantial.
( 23
min )
Real estate stands as a cornerstone of wealth generation, and as 19th-century British philosopher and economist John Stuart Mill once, said, "Landlords grow rich in their sleep." Landlords don't merely collect rental income; they also reap the rewards of property value appreciation. While it's nice to collect monthly rental income from an investment property, being a landlord does come with hassles. Don’t miss: Investing in real estate just got a whole lot simpler. With as little as $100, averag
( 33
min )
Fifth Third Bancorp has increased its dividend, marking the eighth consecutive year it has boosted the amount it pays back to shareholders.
( 19
min )
China is driving global debt back towards unsustainable levels amid an “unparalleled” borrowing binge by property developers and local governments, according to the International Monetary Fund.
( 56
min )
Airbnb Inc. is in the spotlight. On Sept. 5, New York City implemented what Airbnb calls a "de facto ban" on the short-term rental platform. The number of short-term listings on Airbnb in New York City, one of the platform's top markets, has seen a significant decline. And according to "Rich Dad Poor Dad" author Robert Kiyosaki, a major shift in the real estate landscape is on the horizon. "Airbnb to lead real estate market crash," he said in a recent post on X, formerly Twitter. While a crash i
( 33
min )
(Bloomberg) -- Wall Street bankers are dangling one of the steepest discounts in recent memory to bond investors as they look to offload billions of dollars of debt that’s been stuck on their books for months.Most Read from BloombergChina Sows Fresh Confusion About Apple With Security RemarksCiti Plans Job Cuts as It Revamps Top Management StructureLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Out in First Look at DeviceWall Street Yawns at ‘
( 33
min )
Falling oil inventories put America's energy security at risk, potentially making the country more vulnerable to supply disruptions and price volatility in the global market.
( 33
min )
Generating enough income in retirement to meet your spending needs is crucial. While Social Security provides inflation-protected retirement income, it's simply not enough for many retirees. If you need help planning for retirement, consider working with a financial advisor. John Rekenthaler, … Continue reading → The post Treasury Bonds vs. TIPS Ladders vs. Annuities: Which Strategy Is Best For Retirement Income? appeared first on SmartAsset Blog.
( 33
min )
When you leave a job where you had a 401(k) it's important to understand what your options are for rolling over your tax-advantaged plan. Cashing out is another option but can result in significant taxes. Many choose to roll their … Continue reading → The post How to Roll Over Your 401(k) Into An Annuity appeared first on SmartAsset Blog.
( 38
min )
There’s no doubt that the post-pandemic macro landscape has been treacherous to navigate on many levels. From the global supply disruptions that followed the reopening to the soaring inflation and Russia’s invasion of Ukraine, nothing has remained static, and uncertainty has been the only constant. This new paradigm is acknowledged by Alex Brazier, the Deputy Head at BlackRock Investment Institute. “We‘re in an unprecedented macro environment that is driving constant shifts in the market narrati
( 35
min )
The Social Security cost of living adjustment forecast rose with inflation in August, but seniors are still struggling from two years of inflation.
( 34
min )
NewStreet Research sets a Buy rating and $59 target price on shares of chip-design house Arm, which is set for an initial public offering on Thursday.
( 23
min )
Just over half of hiring managers say removing four-year degree requirements would positively impact their company's hiring practices, according to a OneTen report.
( 35
min )
(Bloomberg) -- Hotter-than-expected inflation likely ensures the Federal Reserve keeps its options open to raise interest rates again in November or December following an expected pause this month.Most Read from BloombergChina Flags ‘Security Incidents’ With iPhones as Bans ExpandLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Out in First Look at DeviceApple’s iPhone 15 Debut Includes Higher Price on Top ModelAT&T, T-Mobile Offer Free iPhone 1
( 32
min )
Volkswagen is looking at reducing staff at its plant in the eastern German city of Zwickau due to low demand for electric cars, the dpa news agency reported on Wednesday. Volkswagen was not immediately available for comment. The German carmaker would thin down staff by allowing fixed-term contracts to expire, which could affect a few hundred employees at the end of October, according to dpa information.
( 32
min )
Apple’s long-awaited iPhone 15 launch leaves investors disappointed, and Wall Street isn't too enthused, either.
( 22
min )
There are opportunities for investors in China's internet stocks, life insurers, sportswear makers and the supply chain for solar energy.
( 22
min )
Citigroup CEO Jane Fraser announced a major management reorganization that will give her more direct oversight over its businesses as she seeks to simplify the bank. The heads of the bank's five businesses will now report directly to Fraser. They include: Shahmir Khaliq, who runs services, Andrew Morton in markets, Peter Babej for investment and corporate banking, Gonzalo Luchetti in U.S. consumer banking, in Andy Sieg in wealth when he joins the company later this month.
( 32
min )
The economic macro now favors shares of Ford Motor and General Motors over Tesla, writes UBS analyst Joseph Spak.
( 23
min )
Moderna expects to launch up to 15 new products over the next five years 'addressing high unmet needs.'
( 23
min )
Apple stock edges lower following the launch of its new iPhone 15 lineup, Ford and GM shares are upgraded just as a United Auto Workers strike looms, NIO drops as the European Union launches an anti-subsidy investigation into Chinese electric-vehicle makers, and Moderna releases positive results from a late-stage trial of its mRNA flu vaccine.
( 23
min )
Brussels has launched a probe into Chinese state subsidies for electric vehicle makers, as it vowed to protect Europe’s car industry from a “race to the bottom”.
( 32
min )
(Bloomberg) -- Three months after its July 2022 debut on the Nasdaq, FaZe Holdings Inc. threw an exclusive party at a San Diego nightclub, hiring the rapper Travis Scott to promote its stable of video-game stars and YouTube personalities.Most Read from BloombergLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Out in First Look at DeviceApple’s iPhone 15 Debut Includes Higher Price on Top ModelAT&T, T-Mobile Offer Free iPhone 15 in Lure for New S
( 40
min )
Loan assumptions, which let a home buyer essentially take over a seller’s mortgage, are hard to find and hard to pull off.
( 27
min )
Apple’s long-awaited iPhone 15 launch leaves investors disappointed, and Wall Street isn't too enthused either.
( 22
min )
(Bloomberg) -- Novo Nordisk A/S shares rose slightly on Wednesday in the first trading session following a two-for-one split aimed at increasing the liquidity of the Danish drugmaker’s soaring stock.Most Read from BloombergLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Out in First Look at DeviceApple’s iPhone 15 Debut Includes Higher Price on Top ModelAT&T, T-Mobile Offer Free iPhone 15 in Lure for New SubscribersBP CEO Looney Quits Over Past
( 33
min )
The equity option is worth more to VMware investors in the $75 billion merger due to close on Oct. 30
( 22
min )
The August CPI release is the final key report before the Federal Reserve's policy-making committee considers interest-rate increases.
( 22
min )
The supplier's CEO says the company has "exhausted" many of the mechanisms it has used to address wage and labor challenges.
( 21
min )
There are opportunities for investors in China's internet stocks, life insurers, sportswear makers and the supply chain for solar energy.
( 22
min )
"Constructive credit markets entering September support the case for the bullish seasonality scenarios that we have highlighted," BofA said.
( 32
min )
West Texas Intermediate crude prices climbed 2% to $89.05 a barrel after the OPEC data came out.
( 32
min )
Als het kabinet ongelijkheid tussen mannen en vrouwen met jonge kinderen op de arbeidsmarkt wil aanpakken, moet er gekeken worden naar de kwaliteit en beschikbaarheid van kinderopvang. En willen we écht meer gelijkheid, dan moet verder gekeken worden dan alleen de kinderopvang.
( 4
min )
Nederlanders gingen er vorig jaar gemiddeld 1,2 procent in koopkracht op achteruit. Dat was de grootste daling in veertig jaar, blijkt uit cijfers van statistiekbureau CBS.
( 4
min )
Ruim zes miljoen mensen reisden vorige maand van, naar of via Schiphol. Dat is een stijging van 14 procent ten opzichte van augustus vorig jaar (5,3 miljoen). De meeste passagiers gingen naar Spanje, het Verenigd Koninkrijk, Griekenland, Italië of Turkije.
( 3
min )
De Rijksdienst Digitale Infrastructuur onderzoekt of de iPhone 12 te veel straling uitzendt. Als dat het geval is, kan de verkoop van het toestel ook in Nederland worden stilgelegd. In Frankrijk geldt al een tijdelijk verkoopverbod voor de iPhone 12.
( 5
min )
WhatsApp-gebruikers kunnen voortaan updates van bekende personen of organisaties ontvangen door hun WhatsApp-kanalen te volgen. Het is geen groepsgesprek: volgers kunnen de berichten alleen lezen.
( 4
min )
Big Bazar krijgt van de rechter niet meer tijd om afspraken te maken met schuldeisers. De rechtbank in Leeuwarden heeft voor de tweede keer geweigerd om een afkoelingsperiode in te stellen.
( 4
min )
VDL Nedcar hoeft in november minder personeel te ontslaan dan verwacht. Eerder kondigde de autoproducent aan dat achttienhonderd medewerkers hun baan zouden kwijtraken.
( 3
min )
De Europese Unie start een onderzoek naar subsidies die China geeft aan autofabrikanten om elektrische modellen goedkoop in Europa te kunnen verkopen. Brussel vindt dat sprake is van oneerlijke concurrentie en sluit strafmaatregelen niet uit.
( 4
min )
Werknemers in de energiebranche krijgen een loonsverhoging van 10 procent. Werkgeversvereniging WENB en vakbond FNV zijn het eens over een nieuwe cao voor werknemers van energieproducenten en -leveranciers. Hieronder vallen ook Eneco, Essent en Vattenfall.
( 3
min )
De Nederlandse Arbeidsinspectie eist dat de korpsleiding de problemen met het C2000-communicatienetwerk voor 8 juni 2024 oplost. Door storingen en andere problemen kunnen agenten op straat niet op het netwerk vertrouwen. Daardoor kunnen ze niet altijd veilig hun werk doen.
( 5
min )
Autobezitters die hun wagen naar de garage moeten brengen, moeten enkele weken tot maanden op een reparatie of onderhoud wachten. De automonteurs hebben het momenteel ongekend druk.
( 3
min )
De economie van het Verenigd Koninkrijk is in juli met 0,5 procent geslonken. Dit komt vooral door stakingen in de zorg en het onderwijs en doordat de bouw last heeft gehad van veel regenval.
( 3
min )
De Nederlandse Arbeidsinspectie eist dat de korpsleiding de problemen met het C2000-communicatienetwerk voor juni 2024 oplost. Door storingen en andere problemen kunnen agenten op straat niet op het netwerk vertrouwen. Daardoor kunnen ze niet altijd veilig hun werk doen.
( 5
min )
De Franse toezichthouder op radiofrequenties heeft de verkoop van de iPhone 12 in het land stopgezet. De iPhone 12 stoot een hogere elektromagnetische straling uit dan in Europa is toegestaan.
( 3
min )
Bernard Looney is dinsdag opgestapt als topman van de Britse energiereus BP. Looney ligt onder vuur, omdat hij informatie heeft achtergehouden over relaties met collega's.
( 3
min )
De Duitse energieproducent NOTUS energy is van plan windmolens te bouwen in Tsjernobyl. De molens moeten verrijzen op de plek waar in april 1986 de grote kernramp plaatsvond. Daarover heeft het bedrijf een akkoord bereikt met het Oekraïense staatsenergiebedrijf Ukrenergo.
( 3
min )
Ritprijzen in de metro, tram en bus gaan volgend jaar waarschijnlijk met 11,7 procent omhoog. De vervoerders hebben te maken met hogere kosten, onder meer voor personeel en energie, en verhogen hun prijzen daarom flink.
( 4
min )
Simply investing in the S&P 500 rather than following Michael Burry's bearish tweets would've delivered investors an average six-month annualized gain of 34%, Charlie Bilello said.
( 32
min )
Tech stocks have been leading the market this year; that’s no secret. The tech-heavy NASDAQ index, even after recent losses, has a year-to-date gain of ~32%, and the S&P 500, which includes a large tech segment, is up 16%. Those broad numbers cover up some important drill-downs. It’s the giant tech firms that are leading the way, and among them, AI has played a conspicuous part in the gains. The technology came to sudden prominence last November, when OpenAI released its ChatGPT AI-powered chatb
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min )
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Today's best CD rate is 5.75%, from five banks and credit unions, while the top jumbo CD rates are 5.85% from One America Bank and 5.80% from Finworth and All In Credit Union.
( 20
min )
Wells Fargo CFO Mike Santomassimo said running an efficient bank shouldn't be a one-time cost-cutting program.
( 21
min )
(Bloomberg) -- Sorrento Therapeutics Inc., which filed for bankruptcy in February after suffering shortseller attacks for prematurely saying it had developed a cure for Covid-19, received court approval to sell a major stake in its publicly traded subsidiary.Most Read from BloombergApple iPhone 15 Event Will Tout Enhanced Camera, Titanium FinishApple’s iPhone 15 Debut Includes Higher Price on Top ModelThe Mighty American Consumer Is About to Hit a Wall, Investors SayBP CEO Looney Quits Over Past
( 32
min )
A disagreement over accounting for intangible property acquired as part of a $2.2 billion deal buying one of its major brands comes back after 12 years.
( 21
min )
"I think the regulators would allow us to do something right now."
( 20
min )
Countries have been vying toward clean energy, with most developed nations planning to achieve carbon neutrality by 2050. Several startups have achieved success thanks to their green energy initiatives, including the blockbuster electric vehicle maker Tesla, Inc. (NASDAQ:TSLA). Companies are now focusing on producing clean energy through nuclear fusion, which is often considered the epitome of green power, as it can produce nearly unlimited energy without any harmful byproducts. As of 2022, inve
( 34
min )
At the Future Proof conference in Huntington Beach, Calif., the former Pimco titan said he has 40% of his investments in MLPs, while DoubleLine's founder offered up commercial mortgage-backed securities and other fixed-income options.
( 22
min )
VinFast filed a registration statement with the SEC on Tuesday. About 11 million shares of the EV maker will soon be available to trade.
( 23
min )
McDonald's is getting rid of self-served soda. The Chicago-based fast food chain plans to eliminate self-service soda machines at its U.S. restaurants by 2032, McDonald's confirmed this week. In an email to The Associated Press Tuesday, McDonald's USA said the goal of the change is to create consistency for customers and crew members across the chain's offerings — from in-person dining to online delivery and drive-thru options.
( 33
min )
(Bloomberg) -- BP Plc Chief Executive Officer Bernard Looney will be resigning, the Financial Times reported, citing two people it didn’t name.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayApple iPhone 15 Event Will Tout Enhanced Camera, Titanium FinishApple to Sell Made-in-India iPhones on Launch Day for First TimeGuyana Is World’s Most Booming Economy — And Is Set to Grow
( 32
min )
DVN's 80-day moving average could provide tailwinds
( 31
min )
The timeless adage "buy low, sell high" has attracted countless people to the stock market. But as many discover the hard way, the strategy is easier said than done. Stocks don't always go up. Even though the S&P 500 is up 17% in 2023, it's still down compared to where it was at the end of 2021. The good news? You don't have to actively trade stocks to make money. You can also collect dividends. With the right dividend stocks, investors can bypass the stress and uncertainty associated with attem
( 33
min )
"We don’t have any intention of booking an international flight when the playground in the U.S. is immense.”
( 20
min )
BP's Chief Executive Officer Bernard Looney is to resign, the Financial Times reported on Tuesday citing two people with knowledge of the matter. Looney took over the role in 2020, replacing Bob Dudley, who retired in the same year. BP declined to comment.
( 30
min )
Shares of the auto parts distributor are on pace for their lowest close since October 2011.
( 22
min )
The great-great-granddaughter and great-great-grandson of founder Henry Ford would be taking on leadership roles at the 120-old automaker. Elena Ford, who had been serving as chief customer experience officer, becomes the company's chief dealer engagement officer. Will Ford III was named general manager of Ford Performance.
( 32
min )
The middle class has long been considered the backbone of the American economy. But the American middle class is shrinking. The percentage of adults living in middle-income households in the United States fell by more than 10 percentage points over … Continue reading → The post What It Takes to Be Middle Class in America's Largest Cities – 2023 Study appeared first on SmartAsset Blog.
( 34
min )
Wall Street is punishing Oracle after quarterly results but some suggest investors are missing key details on future growth tied to AI and cloud demand.
( 32
min )
Higher interest rates are intended to curb inflation and stabilize the economy. But this monetary tightening has come with unintended consequences, particularly for the backbone of the U.S. economy: small businesses. According to "Shark Tank" star Kevin O'Leary, small businesses are having a hard time getting financing. "The regional [banks] don't know yet what their capital requirements are going to be. So, their loan books have closed like a turtle in a shell," O'Leary told Fox Business's Larr
( 34
min )
Top brass at the aerospace giants are seemingly given special treatment when it comes to any return-to-office policy.
( 34
min )
Wells Fargo could see its headcount decline further as it aims to improve efficiency, Chief Financial Officer Mike Santomassimo said on Tuesday. It has already reduced its employee base by nearly 40,000 and cuts are likely to continue, Santomassimo said. The bank has trimmed its mortgage business, which has also seen some layoffs.
( 32
min )
It’s been a good year so far for Cathie Wood. Representing a meaningful turnaround after what can be described as a two-year post-pandemic comedown, her flagship ARKK Innovation fund (ARKK) is up by 46% year-to-date, putting the main indexes’ performances in the shade. That said, given Wood’s penchant for the risky and outré, not all the stocks that make up the various funds under the Ark Invest banner are doing well right now. Some have underperformed recently and look a bit rough around the ed
( 35
min )
CVS upgraded, RTX downgraded: Wall Street's top analyst calls
( 34
min )
The stock has already lost more than 8% in September, retreating from an all-time high, and is poised to notch its longest down stretch in 2023.
( 23
min )
Barron's looked for the most popular stocks in the S&P 500 based on analyst ratings that also have rising 2024 earnings estimates.
( 31
min )
The U.S. government on Wednesday morning will release its latest official inflation data.
( 32
min )
The wage increase bid/ask spread between the union and auto makers seems to be narrowing. That's good news for investors.
( 22
min )
An audacious call from Brazil President Luiz Inacio Lula da Silva for the BRICS nations to establish a shared currency has been met with skepticism. Addressing a packed audience during the 2023 BRICS Summit in Johannesburg, South Africa, Silva argued that a common currency would insulate these nations — Brazil, Russia, India, China and South Africa — from the tumultuous waves of dollar exchange rate shifts. But the idealistic vision is riddled with logistical conundrums, stemming from the profou
( 32
min )
Three analysts cut their rating on the shares to Hold from Buy in the aftermath of its disclosure about issues with the company's geared turbofan aircraft engines.
( 22
min )
The company's shares were tanking after its results disappointed. But analysts at Global Equities Research see an opportunity.
( 22
min )
Magellan Midstream Partners has pressed its case for the $19 billion deal, citing strategic benefit and downplaying tax issues ahead of next week's vote.
( 23
min )
TSMC, the world's largest contract chipmaker, said it would invest up to $100 million in Arm Holdings Plc's initial public share offering (IPO), it said on Tuesday. The company also agreed to purchase 10% equity interest in IMS Nanofabrication Global, LLC from Intel Corp for up to $432.8 million, the statement said.
( 30
min )
(Bloomberg) -- Global oil markets face a supply shortfall of more than 3 million barrels a day next quarter — potentially the biggest deficit in more than a decade — as Saudi Arabia extends its production cuts.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Giants Power Stock Gains as Tesla Jumps 10%: Markets Wr
( 33
min )
Stock market technology for the average investor has come a long way since the days when brokers handled everything and doing research was restricted to scrolling through long columns of tiny font in one of the larger financial newspapers. Today there are internet screeners that can provide investors with crucial information to help guide purchase or sale decisions in a matter of minutes. Investors who are seeking steady and reliable income often find it difficult to pinpoint stocks that pay a h
( 34
min )
Wealthy families loaded up on bonds and private equity investments in the first half of the year while slashing their stock exposure, according to a survey by Citigroup's private bank. More than half of the 268 family offices polled, accounting for a combined net worth of $565 billion, increased their allocations in fixed income, while 38% boosted their private equity holdings. The shifts were the largest since Citigroup began the study in 2020.
( 31
min )
Shares of MTU Aero fell 4.5%, a day after it said it was expecting a hit of around €1 billion this year as Pratt & Whitney parent RTX said it would recall hundreds of jet engines.
( 26
min )
The IRS recently announced a major tax enforcement initiative that will increase scrutiny on high-income earners, partnerships and people with foreign bank accounts. The agency said the effort would “restore fairness to [the] tax system” by focusing on wealthy taxpayers who have seen sharp declines in audit rates over the past decade. A financial advisor […] The post The IRS Is Cracking Down on These High-Income Earners. Are You One of Them? appeared first on SmartReads by SmartAsset.
( 33
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Three analysts cut their rating on the shares to Hold from Buy in the aftermath of its disclosure about issues with the company's geared turbofan aircraft engines.
( 22
min )
Managers who give with one hand and take with the other risk sending their workers off on their own.
( 33
min )
(Bloomberg) -- A seemingly insatiable demand for cash is rippling through markets.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Giants Power Stock Gains as Tesla Jumps 10%: Markets WrapMeloni Tells China That Italy Plans to Exit Belt and RoadEveryone — from moms and pops to corporate treasurers and the mega as
( 36
min )
The company was on track to lose about $30 billion in market value, based on its premarket share price of $115. The stock has risen 55% this year on optimism the rise of generative AI would drive up cloud demand. Lower-than-expected revenue for the first quarter and a below-estimate forecast for the second, however, signaled the boost from AI would take longer to materialize.
( 32
min )
Oracle's revenue outlook disappoints, Apple kicks off its annual fall launch event, Tesla falls a day after surging 10%, and WestRock signs an agreement to merge with Dublin-based Smurfit Kappa.
( 23
min )
The UAW is pressing for more work-life balance during contract talks; the automakers want better attendance.
( 27
min )
Shares of Oracle (ORCL) slid in premarket trading after the software giant reported quarterly sales that underwhelmed investors.
Revenue rose 9% to $12.45 billion, in line with analyst estimates. Cloud revenue continued to drive the growth, rising
( 21
min )
(Bloomberg) -- Oil edged up, trading near the highest level this year before reports that may offer further insight into the demand and supply outlook.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Giants Power Stock Gains as Tesla Jumps 10%: Markets WrapMeloni Tells China That Italy Plans to Exit Belt and Road
( 32
min )
(Bloomberg) -- Smurfit Kappa Group Plc agreed to acquire WestRock Co. in an $11.2 billion deal that creates a packaging industry powerhouse domiciled in Ireland.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Giants Power Stock Gains as Tesla Jumps 10%: Markets WrapArm’s IPO Orders Are Already Oversubscribed by
( 33
min )
The company's shares were tanking after its results disappointed. But analysts at Global Equities Research see an opportunity.
( 22
min )
Smurfit Kappa and WestRock said they reached a tie-up agreement. Tony Smurfit will be CEO of the combined company.
( 26
min )
Smurfit Kappa and WestRock have agreed to combine, the companies said on Tuesday, to create one of the world's largest paper and packaging producers worth nearly $20 billion. The companies' combined adjusted revenue was about $34 billion for the year ended June 30, which would make the new company, called Smurfit WestRock, the largest listed global packaging partner by revenue, the statement said. WestRock stockholders will get one new Smurfit WestRock share and $5 in cash for each share they hold, which works out to $43.51 per share, the statement said.
( 32
min )
Here is your Pro Recap of the biggest analyst picks you may have missed since Friday: upgrades at CVS Health, Brown Forman, Geron, and a buy initiation for Block. Wolfe Research upped CVS Health (NYSE: NYSE:CVS) to Outperform from Peerperform with a price target of $80.00, prompting the shares to shoot higher after word of the upgrade hit the wires intraday Monday.
( 33
min )
(Bloomberg) -- Australia’s richest woman has amassed a stake in lithium producer Albemarle Corp.’s A$6.6 billion ($4.3 billion) takeover target Liontown Resources Ltd., and suggested she may push for a board seat.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Giants Power Stock Gains as Tesla Jumps 10%: Markets
( 32
min )
The family holding company agreed to partial debt paydowns and higher interest rates.
( 26
min )
Bitcoin fell on Tuesday morning in Asia to hover above US$25,000 after briefly losing the key support level. Ether also slid to lose control of US$1,600.
( 32
min )
Learn how exchange traded funds can provide many of the benefits of a mutual fund with the flexibility of stock, and often a lower cost.
( 25
min )
Amazon is expanding its ecosystem of services with an end-to-end supply chain service for third-party sellers called "Supply Chain."
( 17
min )
Today's best CD rate is 5.75%, from five banks and credit unions, while the top jumbo CD rates are 5.85% from One America Bank and 5.80% from Finworth and All In Credit Union.
( 18
min )
Apple (AAPL) today held its 2023 Annual Fall Event, dubbed "Wonderlust," introducing the latest groundbreaking iPhone and Apple Watch models, including the world's first iPhones made in India.
( 18
min )
It's easy to earn 5% or more on your savings—but not with any of the big-name banks. Instead, these smaller banks are just as safe but pay 500 times more interest.
( 19
min )
US equities fell on Sept. 12, 2023, with the S&P 500 Index dropping 0.6% after oil futures rose to a 10-month high.
( 16
min )
The median asking rent in August was $2,052, only $2 short of the all-time high, according to Redfin.
( 17
min )
BMW Group, Ford Motor Company, and American Honda Motor Company are teaming up to form a new company called ChargeScape that will help connect utilities, automakers, and electric vehicle owners.
( 17
min )
Walgreens Boots Alliance is teaming with health technology firm Pearl Health to expand its reach into providing primary care services.
( 17
min )
Nearly 5.5 million children were lifted out of poverty in the three years ending 2021, thanks mainly to the unprecedented cash support to households during the pandemic—and nearly that many fell into poverty in 2022 when that support expired.
( 20
min )
Taiwan Semiconductor's board has approved an investment of up to $100 million in the hit IPO of U.K.-based chipmaker Arm.
( 17
min )
A bipartisan bill introduced Tuesday would eliminate a rule that cuts people off from federal disability benefits if they save more than $2,000.
( 17
min )
Learn about the different implications of marginal benefit and marginal utility in economics.
( 24
min )
American Express is more than just a popular credit card issuer; it offers competitive savings account rates, too. Learn more about saving money with Amex.
( 21
min )
Almost half of CFOs Deloitte surveyed say their organizations are experimenting with uses of generative artificial intelligence, with a rising share suggesting now is a good time to take greater risks.
( 17
min )
Learn about differences between stock and mutual insurers, the potential for a company's financial well-being, and which is best for you as a policyholder.
( 22
min )
Just because you're in love doesn't mean that filing a joint return is always best for you. Here's when married couples should file taxes separately.
( 24
min )
A group universal life policy is universal life insurance offered to a group that is less expensive than what is typically offered to an individual.
( 21
min )
Disaffirmance is the right by one party to renounce a contract and void any legal obligations resulting from that agreement.
( 19
min )
Warren Buffett's fundamental approach to investing explains his no-split policy on Berkshire Hathaway stock.
( 23
min )
Microsoft is offering the first credit card aimed at helping Xbox gamers earn rewards they can use toward games and other downloads.
( 17
min )
The terms bull and bear are used to describe general actions and attitudes, or sentiments, either of an individual or the market. But how were they named?
( 22
min )
About 23% of small business owners surveyed said inflation is their top problem while many are struggling to fill vacancies with qualified workers.
( 17
min )
IBFs allow depository institutions in the U.S. to offer deposit and loan services to foreign residents and institutions.
( 19
min )
Demand for pizzas helped drive sales at Casey's General Stores and its shares hit a record high Tuesday. Profit was up 11% from the year-ago quarter and a third higher than analysts' estimates.
( 17
min )
Financial services giant Franklin Templeton filed for a spot bitcoin ETF with the SEC on Tuesday, joining BlackRock and Fidelity.
( 19
min )
Exchange-traded funds have a number of characteristics that make them attractive to young investors, from liquidity to low fees.
( 22
min )
A clearance certificate verifies that an entity has paid all its tax liabilities when it ceased to exist or was transferred to a new owner.
( 19
min )
Debt/EBITDA is a ratio measuring the amount of earnings that is available to pay down debt before deducting interest, taxes, depreciation, and amortization.
( 21
min )
More U.S. workers than ever have college degrees—but the tide could be turning against higher education in the workplace.
( 18
min )
The S&P 500 and Nasdaq both dropped at midday on Tuesday, Sept. 12, 2023, as oil prices rose to their highest level this year.
( 16
min )
The Surface Transportation Board (STB) is a federal agency that regulates financial aspects of surface transportation, primarily freight rail.
( 23
min )
The White House now has 15 companies committed to its AI standards, which include disclosure of AI-generated content, sharing vulnerabilities, and committing to external testing before releasing products.
( 18
min )
Oracle was the worst-performing stock in the S&P 500 after the software maker reported lower-than-expected revenue and guidance as businesses pulled back on cloud spending following the pandemic boom.
( 17
min )
GlobalFoundries opened a $4 billion fabrication plant in Singapore to expand capacity in anticipation of a rise in demand for semiconductor chips.
( 17
min )
If you spent more at the gas pump—and less everywhere else—in August, you’re not alone.
( 17
min )
The basic assumption of the law of demand concludes that there is a negative correlation between the quantity demanded and price.
( 19
min )
Reliance on income taxes versus consumption taxes is one big difference between U.S. revenue sources and those of other countries. Learn the options.
( 22
min )
Magna cum laude is an honorific for a degree earned with great distinction. It means “with great praise” in Latin, and there’s no set grade point average (GPA) to get it.
( 25
min )
Concerns about China's economic growth led to a massive shift into U.S. equities and away from emerging market stocks over the past month, according to Bank of America's latest survey of global fund managers.
( 17
min )
Here are some of the biggest product liability suits that U.S. corporations have faced due to defective or dangerous products that they sold to consumers.
( 22
min )
Understand the two different methods of calculating the expense ratio and find out how it can be used to compare insurance companies and analyze performance.
( 20
min )
Floating stock is the result of subtracting closely-held shares from total shares outstanding to provide a narrower view of a company’s active shares.
( 25
min )
Credit unions and banks offer similar services, but they have some key differences in their profit models and offerings. Learn how to determine which is best for you.
( 26
min )
Accelerated benefit riders allow policyholders to access death benefits in their life insurance policy while they are alive, under certain conditions.
( 24
min )
Almost half of security chiefs plan to significantly raise security spending in the next year after companies lost $1 trillion in revenue due to related incidents in 2022.
( 18
min )
A dove is an economic policy advisor who favors strategies that maintain low interest rates and other expansionary policies.
( 24
min )
Learn how unpaid internships affect student interns, employers, the labor force, and the economy as a whole.
( 26
min )
The Americans with Disabilities Act prohibits discrimination against disabled people with respect to employment, transportation, and other services.
( 23
min )
Bank of America offers many personal financial products, including savings accounts. See if Bank of America’s rates are attractive enough for your deposit.
( 23
min )
Barclays offers a competitive APY on its single savings account, which is light on restrictions and fees. Learn more about Barclays Online Savings Account to see if it’s right for you.
( 21
min )
Chase Bank offers two savings accounts to its customers with below-average interest rates, but the bank has other financial services worth considering.
( 21
min )
Citi offers CDs, checking accounts, bank IRAs, and savings accounts. Learn more about its savings account rates, features, and account requirements.
( 26
min )
The People's Bank of China is the central bank of the People's Republic of China and is located in Beijing.
( 21
min )
Here are some of the world’s top news companies, arranged in the decreasing order of the available market capitalization figures.
( 24
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The global interconnection of U.S. payment systems makes commercial and financial transfers possible.
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Relative purchasing power parity (RPPP) is the view that inflation differences between two countries will have an equal impact on their exchange rate.
( 22
min )
Over-under bets, or total bets, are a wager that the point total for a game will be larger or smaller than a sportsbook predicts. Learn more about this type of gambling.
( 25
min )
Check U.S. Bank’s current savings account interest rates, and see how they compare to the top accounts in the market today.
( 21
min )
USAA offers a few different savings accounts, but the rates are relatively low. Compare USAA to top competitors and find the best savings account for your needs.
( 20
min )
Het percentage internationale studenten dat in Nederland blijft werken nadat ze hun diploma hebben gehaald neemt toe. Vooral de technische studierichtingen leveren werkgelegenheid op, blijkt uit cijfers van statistiekbureau CBS.
( 4
min )
Betaal nooit als je wordt afgeperst door cybercriminelen, luidt het advies vaak. Daarmee maak je de misdaad lonend en blijft het probleem bestaan. Toch heeft de KNVB na een digitale inbraak afspraken gemaakt met Russische hackers. Is dat wel verstandig?
( 4
min )
De iPhone 15 is niet meer op te laden met de Lightning-kabel van eerdere iPhones. Op de nieuwe telefoon gaat dat via USB-C. Dat kondigde Apple dinsdagavond aan tijdens de presentatie van nieuwe iPhones voor komend jaar.
( 5
min )
Betaal nooit als je wordt afgeperst door cybercriminelen, luidt het advies vaak. Daarmee maak je de misdaad lonend en blijft het probleem bestaan. Toch heeft de KNVB na een digitale inbraak afspraken gemaakt met Russische hackers. Is dat wel verstandig?
( 4
min )
Betaal nooit als je wordt afgeperst door cybercriminelen, luidt het advies vaak. Daarmee maak je de misdaad lonend en blijft het probleem bestaan. Toch heeft de KNVB na een digitale inbraak afspraken gemaakt met Russische hackers. Is dat wel slim?
( 4
min )
Een beveiligingsexpert heeft dit jaar een kwetsbaarheid gevonden in de software die in Nederland wordt gebruikt om stemmen te tellen. Daardoor was het in principe mogelijk om uitslagen te manipuleren, al is er geen bewijs dat dat is gebeurd.
( 4
min )
Italië dreigt zijn positie als 's werelds grootste wijnproducent te verliezen. Dat komt door de dalende wijnproductie. Waarschijnlijk verovert Frankrijk voor het eerst in negen jaar de eerste plek.
( 3
min )
Al zestien maanden op rij gaan er meer bedrijven op de fles dan een jaar eerder. In augustus was er zelfs een stijging van 80 procent vergeleken met vorig jaar. Is dit de start van een faillissementsgolf of valt het wel mee?
( 3
min )
Leraren op basisscholen, middelbare scholen en in het speciaal onderwijs kunnen een loonsverhoging van 10 procent tegemoetzien. Vakbonden en werkgevers hebben dat na intensieve onderhandelingen met elkaar afgesproken, meldt de Algemene Onderwijsbond (AOb).
( 3
min )
De Europese Commissie waarschuwt dat er meer geld nodig is om natuurrampen te bestrijden. De Europese pot voor noodhulp is al twee jaar op rij leeg geraakt, terwijl zulke rampen steeds vaker voorkomen.
( 3
min )
Passagiers van Japan Airlines kunnen sinds kort een kledingpakket huren dat in Japan voor ze klaarligt, schrijft CNN. Zo hoeven vakantiegangers minder kilo's aan bagage mee te nemen, waardoor het vliegtuig minder brandstof verbruikt.
( 3
min )
De winning van materialen voor oplaadbare batterijen, vooral gebruikt in elektrische auto's, gaat gepaard met "ernstige mensenrechtenschendingen" in de Democratische Republiek Congo. Volgens Amnesty International gaat het om onder meer seksueel geweld, brandstichting en mishandeling.
( 3
min )
LG krijgt een boete van 8 miljoen euro van toezichthouder ACM. Het elektronicabedrijf maakte verboden prijsafspraken rond televisies en dreef de prijzen zo op.
( 4
min )
Goksites doen nog te weinig om gokverslavingen tegen te gaan. De Kansspelautoriteit onderzocht tien aanbieders van online kansspelen in Nederland. Daaruit kwam naar voren dat ze te laat ingrijpen als gokkers buitensporig veel spelen via hun site.
( 4
min )
De horeca verspilt 9,2 procent minder voedsel dan in 2019, het jaar voor de coronapandemie. Wij zijn benieuwd wat jij doet om voedselverspilling tegen te gaan. Deel je tips hier.
( 2
min )
Het vliegverkeer in Europa is bijna weer op het niveau van voor de coronapandemie. In juli vlogen er nog 3 procent minder vliegtuigen dan in juli 2019, nog voor de corona-uitbraak.
( 4
min )
De KNVB heeft afspraken gemaakt met de Russische cybercriminelen die in april hebben ingebroken in de systemen van de voetbalbond. Daarmee hoopt de organisatie te voorkomen dat eventuele buitgemaakte gegevens op straat komen te liggen.
( 4
min )
LG krijgt een boete van 8 miljoen euro van toezichthouder ACM. Het elektronicabedrijf maakte verboden prijsafspraken rond televisies en dreef de prijzen zo op.
( 4
min )
Goksites doen nog te weinig om gokverslavingen tegen te gaan. De Kansspelautoriteit onderzocht tien aanbieders van online kansspelen in Nederland. Daaruit kwam naar voren dat ze te laat ingrijpen als gokkers buitensporig veel spelen via hun site.
( 4
min )
Door personeelstekorten wordt het onveilig op de werkvloer van het midden- en kleinbedrijf, waarschuwt de Nederlandse Vereniging voor Veiligheidskunde (NVVK). "Personeel staat steeds vaker voor de keuze om onveilig te werken, of om niet te werken."
( 5
min )
Ook in de maand augustus zijn meer bedrijven failliet gegaan dan in dezelfde maand een jaar eerder. Vooral bij transportbedrijven is een toename te zien. De faillissementen in die sector volgen op een kwartaal met een dalende omzet.
( 3
min )
De Consumentenbond begint een rechtszaak tegen Google. Volgens de organisatie is de manier waarop het techbedrijf gegevens van gebruikers verzamelt in strijd met de privacyregels.
( 3
min )
Het budget van het Internationale Rode Kruiscomité (ICRC) gaat volgend jaar met ongeveer 13 procent omlaag, zegt directeur Robert Mardini. Dat komt doordat grote donoren zoals de Verenigde Staten de financiering hebben verlaagd.
( 4
min )
De Consumentenbond begint een rechtszaak tegen Google. Volgens de organisatie is de manier waarop het techbedrijf gegevens van mensen verzamelt in strijd met de privacyregels.
( 3
min )
The union has proposed a mid-30% wage increase, down from an initial demand of at least 40%.
( 27
min )
Everyone likes a winner, and it’s only natural to gravitate toward them, but the stock market offers a unique twist on that process. That is because the biggest opportunities are often found among the losers, or more precisely, the stocks that have been beaten-down for one reason or another. The interesting part is that in the stock market, these losers can quickly become winners, and those who were bold enough to pick up equities at depressed levels when they looked down and out will, in the en
( 34
min )
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Today's best CD rate is 6.00% from American 1 Credit Union, with available jumbo rates of 5.85% from One America Bank and 5.80% from both Finworth and All In Credit Union.
( 20
min )
Crypto markets dropped sharply on Monday, with bitcoin’s price dipping below $25,000.
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min )
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Pratt & Whitney parent RTX said it will take a $3 billion charge as it inspects Pratt & Whitney engines.
( 17
min )
(Bloomberg) -- Oracle Corp. reported cloud sales growth that slowed in the quarter, dimming enthusiasm about the software maker’s expansion efforts in competitive market. The shares declined about 5% in extended trading.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Giants Power Stock Gains as Tesla Jumps 10%:
( 32
min )
Oracle narrowly missed market expectations for first-quarter revenue on Monday, as companies pared back spending on cloud services due to an uncertain economic outlook. Revenue for the quarter stood at $12.45 billion, slightly below analysts' estimates of $12.47 billion, according to LSEG data.
( 31
min )
GM presented a counteroffer to the UAW Thursday that offers a 10% wage increase across the life of the contract and other gains. The UAW rejects it.
( 34
min )
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No, employer match does not count towards 401(k) limit, however, the IRS does limit total contribution from both the employer and the employee combined.
( 24
min )
When I retired in September 2022, my 401(k) was invested aggressively (90/10 split between stocks to bonds) and lost approximately 30%. I left the 401(k) invested in mutual funds in hopes it would gain back some of the losses. A year later it has gained back approximately 20%. I'm not required to take RMDs for […] The post Ask an Advisor: I’m 5 Years Away From RMDs But Recently Lost 30% of My 401(k). Should I Stay Aggressive to Regain My Losses or Rebalance? appeared first on SmartReads by Smart
( 33
min )
Tesla shares have surged after a Wall Street bank predicted that the electric car company’s value would rise above $1.2 trillion (£958bn) because of investments in an artificial intelligence supercomputer.
( 32
min )
Eli Lilly’s success with weight-loss drugs has led to a big market cap.
The pharma giant’s stock rose 1.6% on Monday afternoon, putting Lilly on track for a new all-time high dating back to 1972.
Lilly, which [reported just under a billion dollars in second-quarter revenue](https://www.wsj.com/liv
( 22
min )
Charlotte-based Truist's plan includes reducing about $750 million in costs over the next few quarters.
( 21
min )
Deutsche Bank Research analyst Steve Powers upgraded Kenvue to Buy from Hold over the weekend.
( 23
min )
(Bloomberg) -- Citizens Financial Group Inc. Chief Financial Officer John Woods vowed the company won’t do deals that require it to book losses as it looks to reduce a $13.7 billion portfolio of unwanted loans.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayMeloni Tells China That Italy Plans to Exit Belt and RoadIndia’s G-20 Win Shows US Learning How to Counter China RiseTes
( 32
min )
The benchmark U.S. 10-year Treasury note yield has peaked in the current cycle, according to a majority of bond strategists polled by Reuters, although most said their conviction around that prediction was weak. Despite yields rising over the past few months, analysts in a Reuters Sept. 5-11 poll held on to their predictions that sovereign yields will drop over the coming year, suggesting the recent sell-off in the bond market was mostly over. Roughly the same group of strategists said the same thing last month, about two weeks before the benchmark U.S. yield hit a near-16 year high of 4.37%.
( 32
min )
(Bloomberg) -- The wind is about to shift for the US stock market, if history is any guide, says Bank of America Corp.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayMeloni Tells China That Italy Plans to Exit Belt and RoadIndia’s G-20 Win Shows US Learning How to Counter China RiseTesla and China Risk Leaving Volkswagen on a Road to NowhereWith equities in the “recovery” pha
( 32
min )
In the early 2000s, Berkshire Hathaway Inc. Vice Chairman Charlie Munger made a daring yet calculated financial move. He entrusted a significant portion of his family’s fortune — $88 million — to Li Lu, often referred to as the Chinese Warren Buffett. This bold investment, though carrying its share of risk, not only remained secure but also experienced substantial growth. It is now estimated at approximately $400 million. “We made unholy good returns for a long, long time,” Munger said. “That $8
( 33
min )
Labor negotiations are always a face-off: the union vs. the company, wages, benefits, and working conditions vs. profits.
( 22
min )
September is traditionally known to be a challenging month for the stock market, with historical data showing it is usually the worst month of the year for stocks. However, when considering year-to-date activity, J.P. Morgan’s Global Investment Strategist, Madison Faller, points out that this may not be the case this year. “A closer look shows that in the 10 times since 1950 that the S&P 500 has been up at least 10% year-to-date and it’s been down in August (just like this year), September has b
( 35
min )
Citi analysts see near-term upside for Microsoft stock in artificial intelligence, and beyond. Shares can rise another 26%, they reckon.
( 22
min )
A lawsuit in North Carolina says a man is unable to pay his mortgage because Wells Fargo mistakenly froze his account. It points to a bigger problem in banking.
( 23
min )
Shares of Walgreens Boots Alliance continued their run downward Monday, putting them on pace for their lowest close since 2009.
The stock, recently off more than 1%, was on track to fall for a seventh straight session for the first time since September. It's down some 15% during the latest seven-da
( 22
min )
"We want to buy the best businesses in the world."
( 32
min )
I'm 64. I just inherited $50,000. I'm leary of investing it in stocks as I took a bath after 9/11 and saw my $70,000 401(k) cut in half. I have been looking at high-interest savings in digital banks such as … Continue reading → The post Ask an Advisor: I'm 64 and Received a $50K Inheritance But I ‘Took a Bath' in the Stock Market Once Before. Should I Put It Into High-Yield Savings? appeared first on SmartAsset Blog.
( 33
min )
The company said it would cost up to $7 billion to repair Pratt engines and compensate airlines for fixes that will ground more than 600 Airbus jets in 2024.
( 26
min )
David Tolley, WeWork's interim CEO, said the company's current lease liabilities remain too high and "are dramatically out of step with current market conditions."
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One day after hitting a new 22-year high, 30-year mortgage rates retreated dramatically, registering their biggest rate drop in more than three months.
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Deciding when to take Social Security benefits is one of the most important questions to answer in planning your retirement strategy. Second to that is understanding what might increase-or reduce-your benefit amount. Does retirement income count as income for Social Security? No, but working while claiming benefits could shrink the amount that you're able to […] The post Does Retirement Income Count as Income for Social Security? appeared first on SmartReads by SmartAsset.
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Instacart’s much-anticipated IPO officially kicked off Monday, as the grocery delivery company revealed the price it hopes to fetch for its stock in a regulatory filing.
The San Francisco company and selling shareholders are aiming to sell 22 million shares at $26 to $28 apiece, raising $572 millio
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The company says it paid billions to executives including founder Sam Bankman-Fried before filing for bankruptcy last year.
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Broadcom director Check Kian Low just bought $9.6 million of shares of the chip maker on the open market.
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(Bloomberg) -- SoFi Technologies Inc.’s effort to transition from upstart fintech firm to the big leagues of financial institutions will face an important step possibly as soon as next week when the company helps take Instacart Inc. public.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy
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The sale caps a remarkable turnaround for Hostess, which has been through two Chapter 11 bankruptcies.
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(Bloomberg) -- RTX Corp.’s plan to address the latest flaw in its marquee commercial jet engine will ground hundreds of Airbus SE A320neo aircraft over the next three years, a fresh source of disruption to global airlines’ post-pandemic recovery.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That
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Recent hiccups probably won’t derail the firm’s restructuring, but the stock could struggle without further concrete signs of progress—and a healthier China.
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Chip maker Qualcomm will supply Apple with 5G chips for smartphone launches in 2024, 2025, and 2026. Its stock is reversing recent declines.
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The aerospace company announces it will take a $3 billion charge in the third quarter to reflect the costs of fixing some parts on its geared turbofan that powers A320 jets.
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Tech stocks tumbled last week, led lower by shares in Apple. But now the tech giant's stock is rising to start a new trading week.
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J.M. Smucker is buying Hostess for $34.25 a share.
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The aerospace company announces it will take a $3 billion charge in the third quarter to reflect the costs of fixing some parts on its geared turbofan that powers A320 jets.
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Shares of Arlington-based RTX Corp. were down in premarket trading Monday after the company announced that it will take $3 billion pretax charge this quarter tied to its recent disclosure of a rare defect in powdered metal used to make jet engines.
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“It’s messed up. But no way around it.”
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Chip maker Qualcomm will supply Apple with 5G chips for smartphone launches in 2024, 2025, and 2026. Its stock is reversing recent declines.
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FuelCell posts a fiscal third-quarter loss of 6 cents a share on revenue of $25.5 million.
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↗️ Tesla (TLSA): Shares in the electric carmaker rose more than 6% in premarket trading. Morgan Stanley analysts upgraded Tesla’s stock to “buy” from “hold,” citing its efforts to [develop an inhouse supercomputer](https://www.wsj.com/livecoverage/s
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Truist Financial Corp is planning "sizable reductions" to its workforce from the third quarter of 2023 to the first quarter of next year to trim costs, the bank disclosed in a regulatory filing on Monday. The layoffs, part of a larger cost savings program, are expected to save $300 million. Truist, in a presentation to investors, added expense growth in 2024 will be significantly lower than 2023.
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Tech stocks tumbled last week, led lower by shares in Apple. But now the tech giant's stock is rising to start a new trading week.
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Bitcoin started the week below US$26,000 while Ether dropped to US$1,611. Toncoin and XRP lead losers in the last 24 hours.
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Shares of Hostess Brands jump as J.M. Smucker, the food company famous for jams and jellies, is nearing an acquisition of the Twinkies maker for about $4 billion, according to a report from The Wall Street Journal.
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Competitive yields are tough to find in the stock market these days. For investors who aren’t averse to risk, business development companies offer an exception.
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Oil prices are at their highest level this year.
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China's central bank is tightening its scrutiny of bulk dollar purchases by domestic firms, three sources with direct knowledge of the matter said on Monday, at a time when the Chinese currency faces mounting depreciation pressure. Companies that need to purchase $50 million or more will now need approval from the People's Bank of China (PBOC), which convened a meeting with some commercial banks over the weekend on the matter, the sources said. The directive is being issued as the Chinese yuan has declined by about 6% against the U.S. dollar so far this year, falling to levels that were last seen during the 2008 global financial crisis.
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Shares of Tesla are upgraded to Buy from Hold at Morgan Stanley, Alibaba CEO Daniel Zhang is stepping down as head of the company's cloud business, and a report says J.M. Smucker is nearing a deal to buy Hostess Brands for about $4 billion.
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(Bloomberg) -- Investors should focus on a “late-cycle portfolio” of defensive stocks, industrials and energy, according to Morgan Stanley strategists led by Michael Wilson.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesThe Mighty American Consumer Is About to Hit a
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Daniel Zhang was due to stand down as CEO on Sunday to focus on the cloud unit, which is set to be spun off as the company separates into six parts.
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(Bloomberg) -- The recent pullback in US stocks has further to go, according to Wall Street’s most bullish strategist.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesEven Brief UAW Strike Seen Causing Billions in US Economic Damage“Bullishness is relatively high while
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Tesla started production of Dojo in July and plans to spend more than $1 billion through next year. Dojo can open up new addressable markets that "extend well beyond selling vehicles at a fixed price," Morgan Stanley analysts, led by Adam Jonas, said in a note published on Sunday.
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Company flight patterns suggest CEO Calhoun travels infrequently to headquarters from two distant homes, while CFO West occupies a new office five minutes from his Connecticut doorstep.
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(Bloomberg) -- China’s deflationary pressures eased slightly and data expected this week may show a pickup in credit demand, adding to a recent trickle of signs the nation’s economy is stabilizing. Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesBoss of Failed Crypto
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Higher yields and 'duration' math mean further losses, if any, could be much smaller than those investors have already weathered.
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(Bloomberg) -- The yuan climbed from a 16-year low as China started the week on the offense, sending another forceful signal with the reference rate for the managed currency and urging state banks to support it.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesBoss of F
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The company reports August quarter results Monday. The heart of the story remains the boost to its cloud computing business from AI workloads.
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(Bloomberg) -- Hong Kong property stocks suffered their biggest selloff in seven months, hit by disappointing earnings at the city’s top builder and a major bank’s reported plan to raise mortgage rates. Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesBoss of Failed Cr
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(Bloomberg) -- Tesla Inc.’s Dojo supercomputer may add as much as $500 billion to the company’s market value through faster adoption of robotaxis and network services, according to Morgan Stanley.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesEven Brief UAW Strike Se
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A purchase marrying the Twinkies owner with the jelly maker could be finalized by Monday.
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The Hong Kong-listed shares of China's Alibaba Group fell more than 4% on Monday after the surprise departure of outgoing Alibaba CEO Daniel Zhang from the company's cloud computing business. The company announced Zhang's decision to depart the unit in an internal letter to staff seen by Reuters. Zhang had been scheduled to hand over the role of group CEO to Eddie Wu on Sunday.
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There was red ink across the crypto market Monday morning in Asia as Bitcoin dipped below US$26,000. Ether also fell to near the US$16,000 mark.
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J.M. Smucker is nearing an agreement to buy Twinkies maker Hostess Brands, in a deal that would likely be in the neighbourhood of $4 billion, the Wall Street Journal reported on Sunday, citing sources. Both companies did not immediately respond to Reuters' request for comments outside regular business hours.
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Asia stock markets were softer on Monday ahead of U.S inflation September data this week with investors seeking signals about the Federal Reserve's next likely moves on interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4%, after U.S. stocks ended the previous session with mild gains. Australian shares and Japan's Nikkei stock index both lost 0.25%.
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(Bloomberg) -- Asian equities may struggle to find traction Monday in a cautious open to trading around the region, while in currency markets the yen was on the front foot following potentially hawkish remarks for the Bank of Japan governor.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBoss of Failed Crypto Exchange Gets 11
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Abbott Cooper said the embattled bank needs a cash infusion from George Norcross and his group of activist investors, who he said would be hurt financially if Republic First collapses.
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(Bloomberg) -- After staving off recession for longer than many thought possible, the US consumer is finally about to crack, according to Bloomberg’s latest Markets Live Pulse survey. Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBoss of Failed Crypto Exchange Gets 11,000-Year SentenceEven Brief UAW Strike Seen Causing Bill
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The maturity date is when a debt comes due and all principal and/or interest must be repaid to creditors.
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Today's best CD rate is 6.00% from American 1 Credit Union, with available jumbo rates of 5.85% from One America Bank and 5.80% from both Finworth and All In Credit Union.
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Sole proprietor business insurance costs, on average, $1,483 per year, $1,191 for general liability only, and $717 for a BOP. Here’s how to find the best deal.
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Betterment and Schwab Intelligent Portfolios have created solid offerings, but Schwab Intelligent Portfolios has lower fees, putting them on top for the win.
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Low-cost carrier JetBlue Airlines on Monday offered to sell off Spirit Airlines' assets at Newark Liberty and Boston Logan airports, as the airline seeks to win regulators' approval for a merger with Spirit.
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Moderna and German biotech firm Immatics announced an agreement to work on development of vaccines and treatments for cancer using the science behind Moderna’s COVID-19 shots.
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U.S. equities gained on Monday, Sept. 11, 2023, with the S&P 500 Index rising 0.7%, amid expectations Fed policymakers might not raise interest rates at their meeting next week.
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You might be better off playing roulette if you don't understand the risks of investing in Russia.
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Learn more about the available options that CareCredit offers to pay for out-of-pocket medical procedures with little to no interest.
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Pratt & Whitney parent RTX said it will take a $3 billion charge as it inspects Pratt & Whitney engines.
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On the surface, Betterment and Fidelity Go share many similarities. However, there are some key differences between Betterment and Fidelity Go that will help you choose the best fit for your money.
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Personal loan rates continued their decline this week, falling to 20.94%, losing just 2 basis points since last week when the average personal loan rate sat at 20.96%.
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Disney restored ESPN, ABC, and other content to Charter Communication’s Spectrum cable after a 10-day blackout following a deal that saw Spectrum customers get access to Disney streaming services.
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No, employer match does not count towards 401(k) limit, however, the IRS does limit total contribution from both the employer and the employee combined.
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A business is bonded if it has a surety bond, a legal contract whereby a surety company assumes liability for a debt or other obligation one business owes to another.
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The income effect and the price effect are both economic concepts that help analysts, economists, and business professionals understand economic trends. Learn the differences between the two and how they can influence financial analysis.
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Paul Samuelson was an economics professor at MIT who received the Nobel Prize in 1970 for his contributions to the field.
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The dividend growth rate is the annualized percentage rate of growth of a particular stock's dividend over time.
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Avantax, a tax-focused financial planning and wealth management, has agreed to be acquired by financial advisor wealth hub, Cetera, in a deal valued at $1.2 billion.
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Bank ratings are grades provided to the public by government agencies and private companies to predict the safety and soundness of financial institutions.
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Qualcomm shares jumped more than 4% after the company said it expects to provide 20% of Apple's smartphone chipsets into 2026 as the iPhone-maker pushes back plans for in-house modem production.
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U.S. equities rose at midday on Monday, Sept. 11, 2023, amid expectations Fed policymakers might not raise interest rates at their meeting next week.
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Smucker, the maker of its namesake jellies, Folgers coffee and other food products, said it would be paying $34.25 per share in cash and stock for Hostess,
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The U.S. government's latest antitrust case against Google could be the biggest in decades, drawing parallels to its showdown with Microsoft in the 1990s, with the potential to drastically alter the internet search market.
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Instacart filed for its much-anticipated initial public offering, which could value the online grocery delivery firm at as much as $9.3 billion.
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One day after hitting a new 22-year high, 30-year mortgage rates retreated dramatically, registering their biggest rate drop in more than three months.
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Katie Stockton, founder and managing partner of Fairlead Strategies, climbs back aboard The Express to share what the most important charts and indicators in the stock market are telling us right now.
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Former Alibaba CEO Daniel Zhang is stepping down from leading its cloud division just two months after announcing he would focus on it, raising concerns about its coming IPO.
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Boeing on Monday said it would sell 50 737-8 Max jets to Vietnam Airlines, a deal valued at $7.8 billion, according to the White House.
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The Federal Reserve report on consumer credit showed that in July, revolving credit grew $9.6 billion, mostly in credit card debt, while consumers also added another $773 million for auto loans and other non-revolving debts.
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The FDIC, one of the federal regulators responsible for overseeing banks, admitted some of its shortcomings contributed to the second-largest bank collapse in U.S. history earlier this year.
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Some experts say the stock market today may be just as vulnerable to a major disruption as on Sept. 11, 2001.
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Learn about the differences between the banking industry and the financial services sector and how to distinguish financial goods from financial services.
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A home insurance inspection may be necessary when buying a home. Learn what one involves and how to prepare for it.
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Quants use computer algorithms based on mathematical models to identify profitable trading opportunities. Learn how much quants make and what they do.
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A month-to-month tenancy is categorized as a periodic tenancy in which the tenant rents from the property owner one month at a time.
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A warehouser's liability form is a document that describes the obligations of a storage facility toward its customers.
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Voluntary life insurance, an optional benefit often offered by employers, is a plan that provides a cash benefit upon the death of the insured.
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Voluntary accidental death and dismemberment insurance (VAD&D) pays cash in the event the policyholder is killed or loses a specific body part.
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Weighted average shares takes into account fluctuations over time in a company's number of outstanding shares.
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In 2014, Warren Buffett announced that he would give whoever could correctly guess every game of the NCAA men’s basketball tournament $1 million a year for life. What are the odds that someone could win the challenge?
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Learn about flexible spending accounts (FSAs), and understand the medical expenses on which an individual cannot use FSA funds, such as teeth whitening.
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Ruim één op de drie online platformen zoals bol.com, Marktplaats en Amazon gebruikt algoritmes om bezoekers te helpen of hun aankoop zelfs te sturen. Minder dan de helft van al deze websites is eerlijk over hoe hun systemen werken.
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Het budget van het Internationale Rode Kruiscomité (ICRC) wordt volgend jaar met ongeveer 13 procent verlaagd, zegt directeur Robert Mardini. Dat komt doordat grote donoren zoals de Verenigde Staten de financiering hebben verlaagd. Het ICRC is een onderdeel van de Rode Kruisbeweging en staat los van bijvoorbeeld het Nederlandse Rode Kruis.
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Het budget van het Rode Kruis wordt volgend jaar met ongeveer 13 procent verlaagd, zegt directeur Robert Mardini. Dat komt doordat grote donoren zoals de Verenigde Staten de financiering hebben verlaagd.
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De Rabobank heeft zijn variabele tarieven voor spaarders verhoogd. Spaarders die tot 20.000 euro bij de bank hebben staan, ontvangen daar vanaf maandag 1,7 procent rente over. Dat was eerst 1,5 procent.
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Ruim 5 procent van de Nederlanders had vorig jaar niet genoeg geld om het huis warm te houden. Dat is een op de twintig huishoudens. Dat meldt het Europese statistiekbureau Eurostat maandag.
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Nederlandse spaarbanken bieden in Duitsland vaak fors hogere rentes aan dan aan spaarders in Nederland. In België liggen de spaarrentes juist veel lager dan bij ons.
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De Europese Commissie heeft de verwachte economische groei van Nederland flink naar beneden bijgesteld voor dit jaar. Door de hoge inflatie in het eerste half jaar hebben huishoudens minder te besteden dan eerder gedacht. Tegelijkertijd liep de export terug.
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Na jaren van ongebreidelde groei trekt betaalbedrijf Mollie nu aan de rem. Er zullen ontslagen vallen, zegt oprichter Adriaan Mol tegen FD.
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De horeca gooit nu 9,2 procent minder voedsel weg dan in 2019, het jaar voor de coronapandemie. Maar het weggegooide eten is nog altijd goed voor bijna 6 procent van de omzet, blijkt uit onderzoek van de Rabobank.
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De A12 is vandaag weer het strijdtoneel van de klimaatactivisten van Extinction Rebellion. Dit soort acties winnen aan populariteit in Nederland, zien experts. Kritisch burgerschap en activisme zitten in de lift. "Er is veel om ontevreden over te zijn."
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Ondanks de grote populariteit van fatbikes onder dieven, schrikt dat de eerlijke koper niet af, blijkt uit een rondgang van NU.nl onder fietsenwinkels. Wel is de consument bij de aanschaf steeds geïnteresseerder in hoe je de fatbike het best beschermt.
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Veel winkeliers hebben nog steeds veel moeite om genoeg medewerkers te vinden. Zo bleek uit een recente peiling van vereniging INretail dat 60 procent van de retailers zijn personele bezetting niet rondkrijgt. Ook de horeca heeft grote problemen.
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U.S. Treasury bills (T-bills) are sold at auction, typically at a discount from their par value. The maturity length and the discount are used to determine the interest rate.
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The Automated Clearing House (ACH) is an electronic funds-transfer system run by the former National Automated Clearing House Association (NACHA), now known as Nacha.
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Find out how factor endowments – namely labor, land and capital – affect a country's comparative advantage and how that advantage can change over time.
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Learn how most financial institutions calculate interest on lines of credit by using the average daily balance method and periodic rates.
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Here is a brief intro to the complex U.S. tax rules governing call and put options with examples of some common scenarios.
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Look-through earnings are based on the concept that a firm's value is ultimately determined by how retained earnings are invested in future years by the firm to produce more earnings.
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Freeganism is an alternative philosophy of living, based on minimal participation in capitalism and limited consumption of resources.
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Economic justice is a concept aimed at providing avenues to financial prosperity to individuals who have been marginalized in an economy.
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The employment-to-population ratio measures the number of workers currently employed against the total working-age population of a region.
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A market economy is a system of voluntary economic exchanges guided by the decisions of many private individuals rather than government orders.
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Chicago School is an economic school of thought founded in the 1930s that promoted the virtues of free-market principles to better society.
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The base effect is the effect that the choice of a reference point when comparing two data points can have on the result of the comparison.
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Read about the two-way correlation between the total amount of money circulating in the economy and gross domestic product (GDP).
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Condemnation is when a government orders a dwelling, building, or other property to be vacated and kept vacant.
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A Certified Commercial Investment Member (CCIM) is a recognized expert in the disciplines of commercial and investment real estate.
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min )
Hyperinflation can make a $1,000 bill look like chump change.
( 19
min )
Here's how dividend stocks can make you rich, but you have to be patient.
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min )
A voluntary export restraint (VER) is a trade restriction on the quantity of a good that an exporting country is allowed to export to another.
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min )
An economic shock is an event that occurs outside of an economic model that produces a significant change within an economy.
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min )
The statutory debt limit, also called the debt ceiling, is the limit to the amount that the U.S. Treasury can borrow to meet its obligations. Learn how it works.
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The Balassa-Samuelson Effect is a pattern wherein countries with high productivity and wage growth also experience higher real exchange rates.
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min )
Investing in startups is a very risky business but can reward investors greatly if and when they do pay off.
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min )
The gambler's fallacy is an erroneous belief that a random event is less or more likely to happen based on the results from a previous series of events.
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min )
Student loan debt reached $1.63 trillion in 2023 and the Supreme Court has taken steps to prevent it from being eliminated. Here's who owes what and why.
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min )
Personal Financial Specialist (PFS) is a specialty credential for CPAs who are experts at helping individuals with all aspects of wealth management.
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min )
The financial crisis of 2008 and the Great Recession that followed is still fresh in many investors' memories. Learn about investing during times like these.
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min )
Locus Sigilli, Latin for the place of the seal, denotes the area on a contract where the seal is to be affixed.
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min )
While many COVID relief measures have expired, some remain in place.
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A settlement bank is the last bank to receive and report the settlement of a transaction between two entities.
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min )
The Government Securities Clearing Corporation was a non-profit organization that clears and nets U.S. government securities and agency debt securities.
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min )
A safe deposit box (or safety deposit box) is an individually secured container that stays in the safe or vault of a federally insured bank or credit union.
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min )
Employers expect health benefit costs could rise an average of 5.4% per employee next year, a survey by Mercer found.
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min )
New York City is enforcing a host registration law to eliminate illegal short-term rentals.
( 18
min )
Companies ranging from tech giant Microsoft to Shopify, H&M, and payments company Stripe are investing millions of dollars on carbon removal, the process of extracting carbon dioxide from the atmosphere.
( 20
min )
With the Federal Reserve having raised short-term fed fund rates 11 times over the past 18 months, bringing them to a range between 5.25% and 5.5% – their highest levels in 22 years – these aggressive actions are yielding results. Inflation has continued to cool down throughout this year, with the annual growth of the consumer price index falling to 3% in June, marking its lowest point since March 2021. However, despite these positive outcomes, billionaire investor Howard Marks is sounding a war
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(Bloomberg) -- Short sellers are raking in profits by betting against a part of the US equity market overlooked by most investors: small-cap stocks. Most Read from BloombergIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBoss of Failed Crypto Exchange Gets 11,000-Year SentenceTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiEverything Apple Plans to Show on Sept. 12: iPhone 15, Watches, AirPodsThe
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min )
Oil prices hit their highest levels in 2023 last week following an announcement by Saudi Arabia and Russia that they would deepen their previously announced oil production cuts.
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min )
Tesla, which has fought off organized labor, faces traditional automakers pushing aggressively into electric vehicles.
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min )
The Consumer Price Index is expected to be up 3.6%. Results from Oracle, Adobe, and Lennar. And a policy decision from the European Central Bank.
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min )
(Bloomberg) -- Alibaba Group Holding Ltd.’s former chief executive Daniel Zhang has resigned his post as head of its cloud business, completing his exit as new leadership takes the helm of China’s largest e-commerce company.Most Read from BloombergBoss of Failed Crypto Exchange Gets 11,000-Year SentenceIndia’s G-20 Win Shows US Learning How to Counter China’s RiseWall Street Fears a Too-Hot Economy as Recession Bets PlungeCalifornia Shows an Electric-Car Uprising Headed for the USEverything Appl
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Here is your Pro Recap of 4 head-turning deal dispatches you may have missed this past week: deals at Enbridge and Dominion Energy, WestRock and Smurfit Kappa, NextGen Healthcare and Thoma Bravo, and potential sale of Alteryx. Enbridge (NYSE:ENB) agreed to acquire EOG, Questar, and PSNC from Dominion Energy (NYSE:D) at a combined value of $14 billion, which includes $9.4B cash and $4.6B of assumed debt, as reported in real time on InvestingPro.
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Alibaba Group said on Sunday that Daniel Zhang will step down as chairman and chief executive officer of its cloud business. Zhang had previously been concurrently serving in three roles, heading the group as well as its cloud unit. He handed over the role of the group's CEO to Eddie Wu on Sunday, who will also take charge of the cloud unit after Zhang's departure.
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Americans are taking advantage of high interest rates to invest more in fixed-income assets like bonds or CDs, but experts warn of higher taxes ahead.
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min )
A court setback for the SEC has narrowed the discount on Grayscale Bitcoin Trust shares, making the price of the underlying asset more important.
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min )
The kingdom is looking to invest $15 billion in mining assets globally, while the U.S. is seeking to counter China’s supply-chain dominance.
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min )
Trump’s return to mainstream social-media platforms Facebook and X has erased a key strength of the smaller platform popular with conservatives.
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min )
Stock advances have surprised many investors, partly because expectations for company earnings hadn’t kept up.
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min )
More and more young people are seeing a skilled trade as a desirable career – maybe they’re on to something
( 32
min )
(Bloomberg) -- Traders in the $325 billion industry for emerging-market exchange-traded funds are shifting cash toward strategies that focus on brighter spots in the developing world as China’s economy stumbles.Most Read from BloombergBoss of Failed Crypto Exchange Gets 11,000-Year SentenceCalifornia Shows an Electric-Car Uprising Headed for the USEverything Apple Plans to Show on Sept. 12: iPhone 15, Watches, AirPodsWall Street Fears a Too-Hot Economy as Recession Bets PlungeUS, EU Agree on Mid
( 33
min )
The Swiss National Bank nearly doubled investments in electric-vehicle makers Rivian and Lucis, and sold Apple and GM stock in the second quarter.
( 23
min )
(Bloomberg) -- The S&P 500 Index’s surprise 16% rally this year is rewarding traders who bought in early and punishing those who’ve remained skeptical. But fear of a downturn remains.Most Read from BloombergBoss of Failed Crypto Exchange Gets 11,000-Year SentenceCalifornia Shows an Electric-Car Uprising Headed for the USEverything Apple Plans to Show on Sept. 12: iPhone 15, Watches, AirPodsWall Street Fears a Too-Hot Economy as Recession Bets PlungeUS, EU Agree on Mideast-India Rail and Shipping
( 33
min )
The moment that Bill Gates turned from boy wonder geek to ruthless capitalist symbol is easy to pinpoint: it was captured on camera.
( 35
min )
Let’s talk about electric vehicles, EVs. Electrically powered cars are not a new concept – they’ve been around since the earliest days of the automobile. But in the past decade, several factors have combined to make them more competitive with the industry-standard internal combustion engine. Chief among these factors are improving battery technology, with reductions in weight and improvements in power and range, and reduced cost as manufacturers ramp production up to scale. Globally, EV makers a
( 35
min )
Het verzuim in Nederland is in het eerste half jaar van 2023 gedaald ten opzichte van vorig jaar. Dat is voor het eerst sinds 2016, blijkt uit cijfers van statistiekbureau CBS.
( 3
min )
Stijgende benzinekosten en lange files zijn allemaal goede redenen om met meer mensen in een auto te stappen. Maar is de bestuurder wel goed verzekerd voor het geval datg er iets misgaat? Drie vragen over de inzittendenverzekering.
( 5
min )
Het Internationaal Monetair Fonds (IMF) en de Wereldbank hebben samen met enkele wereldleiders Marokko financiële hulp beloofd. Het land is vrijdagavond getroffen door een grote aardbeving. Bij de aardschok in de regio rond Marrakesh zijn zeker tweeduizend mensen omgekomen.
( 3
min )
Het Internationaal Monetair Fonds (IMF) en de Wereldbank hebben samen met enkele wereldleiders financiële hulp beloofd aan Marokko vanwege de aardbeving. Bij de aardschok in de regio rond Marrakesh zijn zeker tweeduizend mensen omgekomen.
( 3
min )
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